Tenants In Common Rights
Tenants in common give landowners an opportunity and right to own the same property by different people in their own share to the extent of investment. Tenants in common are quite different from being joint tenants. In tenants in common, in case of death, the ownership rights go to the other tenants. In the concept of tenants in common, there can be any number of tenants.
As a tenant in common, you have the right to the property as all other tenants that are included in the property. As long as you are alive and have an ownership, you can enjoy the property rights. As a tenant in common, you have the right to access your property any time you wish and also suggest some changes if you like in a common board. You enjoy the rights to having a unity in title when you are a tenant in common.
Sometimes, tenant in common is a renewable contract just to make it easy legally. It will not require a fresh investment but it will require that you sign a fresh lease in accordance to changing circumstances and the market trends. As a tenant in common you cannot sell the property and you only have the right to sell your ownership to others. The property still belongs to all other tenants in common. You can also include your spouse or kids in the tenant in common but they also need to be tenants in their individual rights. It is not like joint tenancy where the rights are automatically passed on to your survivors.
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