释义 |
EncyclopediaSeetenancy in commonLegalSeeTenancy in CommonTenants in common
Tenants in commonAccount registration in which two or more individuals own a certain proportion of an account. Each tenant's proportion is distributable as part of the owners estate, so that if one of the account holders dies, that owner's heirs are entitled to that proportional share of the account.Tenants in CommonTwo or more persons who own property together with no rights of survivorship. That is, when one of the co-owners dies, his/her share of the property becomes part of his/her estate and passes on to heirs. Tenants in common may own equal or unequal shares of the property. This is an arrangement common in joint business ventures: if two persons own an apartment complex and one of them dies, the decedent's share of the complex passes to his/her beneficiaries and does not pass to the other co-owner. |