In real estate law, tenancy in partnership is a form of ownership in which partners hold an undivided interest in property as assets of a partnership. The property is owned by the partnership entity rather than by the individual partners separately.
Under this form of ownership, individual partners do not have the right to transfer their specific interest in the partnership property independently. A right of survivorship applies within the partnership structure, meaning the property remains with the partnership rather than passing to an individual partner’s heirs upon death.
