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Tenants in common
Tenants in common A form of concurrent ownership of property between two or more persons, in which each has an undivided interest in the whole property. This form is frequently found when the parties acquire title by descent or by will.
RELATED TERMS--------------------------------------
Ownership
The right to possess and use property to the exclusion of others.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Interest
Money paid to a lender as compensation for money that is borrowed.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Descent
Acquisition of an estate by inheritance in which an heir succeeds to the property by operation of law.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
SIMILAR TERMS--------------------------------------
Tenali property
Property in Tenali, India. Apartments, flats, houses, offices and other property in Tenali.
Tenancy
A holding, as of land, by any kind of title, occupancy of land, a house or the like under a lease or on payment of rent or tenure.
Tenancy agreement
A document detailing the conditions of the tenancy, used as an alternative to a lease.
Tenancy at sufferance
A tenancy which arises when a tenant holds over after expiration of his lease.
Tenancy at will
A license to occupy or use lands and buildings at the will of the landlord.
Tenancy by the entirety
An estate which exists only between husband and wife.
Tenancy for years
A tenancy for a definite period of time.
Tenancy in common
As opposed to joint tenancy, when there are two or more individuals on title to a piece of property, this type of ownership does not pass ownership to the others in the event of death.
Tenancy in severalty
Ownership of a property by one person, rather than held jointly with others.
Tenant
Any person in possession of real property with the permission of the owner.
Tenant (lessee)
One who rents real estate from another and holds an estate by virtue of a lease
Tenant at will
One who holds possession of premises by permission of the owner or landlord.
Tenant emergency procedures manual
A printed manual outlining emergency procedures, including evacuation plans and contact information for emergency personnel.
Tenant improvement (TI)
Work done on the interior of a space, can be paid for by landlord, tenant, or some combination of both, depending on the terms of the lease.
Tenant improvement (TI) allowance
Defines the fixed amount of money contributed by the landlord toward tenant improvements.
Tenant improvements (in a lease)
Specification of improvements tenant must make at tenant's expense.
Tenant mix
A phrase used to describe the quality of a property's income stream.
Tenants at sufferance
An individual who comes to possess land via lawful title and keeps it in perpetuity without any title.
PREVIOUS AND NEXT TERMS--------------------------------------
Tenant improvement (TI)
Work done on the interior of a space, can be paid for by landlord, tenant, or some combination of both, depending on the terms of the lease.
Tenant improvement (TI) allowance
Defines the fixed amount of money contributed by the landlord toward tenant improvements.
Tenant improvements (in a lease)
Specification of improvements tenant must make at tenant's expense.
Tenant mix
A phrase used to describe the quality of a property's income stream.
Tenants at sufferance
An individual who comes to possess land via lawful title and keeps it in perpetuity without any title.
Tenants in common
Tenement
A common law real estate term that describes those real property rights of a permanent nature.
Ten-Year Treasury Constant Maturity
An index published by the Federal Reserve Board based on the average yield of a range of Treasury securities, all adjusted to the equivalent of a 10-year maturity.
Term
The length of time in which a loan is to be paid off.
Term beginning
States when the tenant begins to owe rent.
Term length
Specifies the effective period for the lease.
This dictionary contains 6433 terms. |
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