Meaning of “tenancy in common” in the English Dictionary

business-english dictionary

"tenancy in common" in Business English

See all translations

tenancy in commonnoun [ C or U ]

uk us plural tenancies in common PROPERTY, LAW

a legal agreement in which two people or groups share ownership of a piece of property, but each person's share of the property is not passed automatically to the other tenant or tenants in common when they die:

The title will convert to Tenancy in Common upon divorce.
Today, especially in tenancies in common, unmarried persons are referred to as a single man, or a single woman.

(Definition of “tenancy in common” from the Cambridge Business English Dictionary © Cambridge University Press)