Tenancy in Common
This lesson is the second of several addressing the various relationships resulting in the concurrent ownership of property. It is designed to introduce Property students to this tenancy form. The interactive tutorial progresses from addressing the traditional requirements to create a tenancy in common, the lack of right of survivorship and the status of the tenancy in common under modern statutes.
On completion of the lesson, the student will be able to:
1. Define what a tenancy in common is.
2. Describe how one creates a tenancy in common.
3. State the general rights of each tenant in common.
4. Explain how a tenancy in common differs from a joint tenancy.