Co-Tenancy
/ˌkoʊˈtɛnənsi/
Definitions
- (n.) A form of concurrent ownership where two or more persons hold property interests simultaneously.
The co-tenancy agreement outlined each party's rights and obligations regarding the shared property.
- (n.) In commercial leasing, a clause requiring a tenant to maintain occupancy with other tenants, affecting rights upon tenant vacancies.
The lease included a co-tenancy clause allowing rent reductions if key tenants departed.
Forms
- co-tenancy
Related terms
See also
Commentary
Co-tenancy is context-dependent, notably differing between property ownership and commercial leasing; clarity in drafting co-tenancy provisions is essential to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.