Tenancy in Partnership

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...

Tenancy in Common

In real estate law, tenancy in common is a form of co ownership in which two or more persons hold undivided interests in the same property. Each co tenant has the right to possess and use the entire property, even though their ownership shares may be unequal. Unlike...

Tenancy for Years

In real estate law, tenancy for years is a leasehold estate that exists for a definite and specified period of time. The duration may be for any length, such as months or years, as long as the beginning and ending dates are clearly established. A tenancy for years...

Tenancy by the Entirety

In real estate law, tenancy by the entirety is a form of joint ownership available only to married spouses. Under this arrangement, each spouse is considered to own the entire property rather than a divisible share. Tenancy by the entirety includes a right of...

Tax Sale

In real estate law, a tax sale is the sale of property by a governmental authority due to the owner’s failure to pay property taxes. The sale is conducted to recover the delinquent taxes, interest, and related costs. At a tax sale, the property may be sold to a...