cotenant

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co·ten·ant

 (kō-tĕn′ənt)
n.
One of two or more tenants sharing property.

co·ten′an·cy n.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

cotenant

(kəʊˈtɛnənt)
n
(Law) a person who holds property jointly or in common with others
coˈtenancy n
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
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)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Cotenancy clauses can also enable other stores to bail from malls or win reduced rent if a key retailer leaves.
Freeman's Cotenancy and Partition, which it observed has been used by the Supreme Court multiple times.
Nevertheless, cotenancy is necessarily different from sole ownership.
"With the property's 9,000 s/f public plaza, waterfront views, and tremendous retail cotenancy, we are looking forward to bringing retailers to the table that will take advantage of this unique space and vibrant corridor."
1978) (describing tribal and state rights to a shared migratory fishery as "something analogous to a cotenancy, with the tribes as one cotenant and all citizens of the Territory (and later of the state) as the other") (citation omitted); United States v.
If a producer wanted to transfer ownership of property over time, and such property were owned individually or in cotenancy, he or she would have to gradually convey a series of direct interests in the property, which would raise a number of title and liability issues.
Cotenancy regimes create an incentive for the cotenant-in-possession to overuse the asset because she gets the full marginal benefit of the use, whereas the marginal cost is spread out among all cotenants.
residences in one of the common law cotenancy forms.
Ownership through a cotenancy or individual ownership is treated like a grantor trust for this purpose.
Under the new agreement, the cotenancy operation was to be managed by an owners' committee having equal representation from the two companies.
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.
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.