Meaning of 'Tenancy in common' in real-estate
Tenancy in common basically means there is more than one owner of the real property.
When any of the owner dies, the property will NOT go to the other owner(s). Instead it will go to the heirs of the owner who died.
In short, the real-estate property will be inherited by the heirs not to the other owner.
The opposite of 'Tenancy in Common' is 'Joint Tenancy'.
The opposite of 'Tenancy in Common' is 'Joint Tenancy'.
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