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cotenant
(redirected from cotenancy)

    Also found in: Legal, Financial, Wikipedia 0.01 sec.
co·ten·ant  (k-tnnt)
n.
One of two or more tenants sharing property.
co·tenan·cy n.
cotenant [kəʊˈtɛnənt]
n
(Law) a person who holds property jointly or in common with others
cotenancy  n
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.cotenant - one of two or more tenants holding title to the same property
tenant - a holder of buildings or lands by any kind of title (as ownership or lease)
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Many retail leases include cotenancy clauses, which allow tenants to ask for rent cuts or even to pull out without penalty if other key tenants leave a particular shopping center.
Chain stores read fine print to reduce rents by The Real Deal
Many shopping center leases contain cotenancy clauses that state that unless a certain amount of space is leased and occupied, tenants are entitled to financial concessions, such as rent reductions and, under certain circumstances, lease termination rights.
Proactive 'distress management': planning ahead can mitigate ... by Sokul, John H., Jr. / New Hampshire Business Review
1031 exchange of property distributed by a partnership, the IRS will likely use one or more of three theories: (1) the partners did not hold the property for a qualified use, (2) the step-transaction doctrine, and (3) the partners' cotenancy in the property is a partnership.
Like-kind exchanges of partnership properties by Smith, Michael M.; Ariail, Donald L. / The Tax Adviser
 
 
 
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