Tenant in common

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one holding real or personal property in common with others, having distinct but undivided interests. See Joint tenant, under Joint.
See under Common.
- Blackstone.

See also: Common, Tenant

References in periodicals archive ?
2002-22, each co-owner must hold title to the property as a tenant in common under local law.
A TIC is an estate in real property under which each tenant in common has an individual possessory right in the entire property.
Each co-owner must hold title to the property, directly or through a disregarded entity, as a tenant in common under local law.
Each tenant in common must be a party to any loan documents under the Rev Proc as well as for the benefit of the lender.
Furthermore, under the loan documents, each tenant in common should be treated separately in terms of representations, covenants and other guaranties, as appropriate.
In order to deal with the bankruptcy risk inherent in a transaction with multiple borrowers, rating agency guidelines provide that (i) each borrower/tenant should be a bankruptcy remote special purpose entity, and (ii) non-consolidation opinions should be provided for each tenant in common.
in October 2004, with participation by Behringer Harvard Funds 1031 Tenant in Common Exchange Program investors.
Behringer Harvard Funds also sponsors 1031 tenant in common securities offerings that invest in institutional quality commercial real estate.
The tenant in common who wants the cash has a couple of options.
Another option is that the partner or tenant in common who wants cash can have his interest purchased by the other partners or tenants in common prior to the like-kind property exchange.
Thus, when a tenant in common has an undivided half interest in the property, a willing buyer may discount the value of his interest; a buyer of such interest would own the property concurrently with the other tenant in common, and, thus, would have the inconvenience of dealing with several owners, partition suits and potential disagreements.