Tenancy in common

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Updated: Aug 20, 2021

A situation where persons held land in common, but could deal separately with their shares. Tenancies in common have been virtually abolished by the Law of Property Act 1925, but they are still possible in one instance. Where land is to belong to a number of persons in common, it is vested in, say, the first four persons mentioned in the deed, and these hold it in trust for all the persons interested. Those four persons are legally tenants in common. This does not apply to charities.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.