tenancy in common - legal definition

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tenancy in common

A way two or more people can own property together. Each can leave his or her interest upon death to beneficiaries of his choosing instead of to the other owners, as is required with joint tenancy. In some states, two people are presumed to own property as tenants in common unless they've agreed otherwise in writing.

See Topic: Wills & Estate Planning Marriage & Living Together Divorce & Child Custody

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