CTC Main Consumer Information Title Insurance How to Take Title (Tenancy in Common) Thursday November 20th 2008
Print Page Send this page to a friend! Comment on this page Make this page your home page

Mission Statement
About California Title
Company Directory
Title Advantage
realtorreferral.com
Real Estate Services
Builder Services
Commercial Services
Consumer Information
News Items
Help
Search Site

Site Awards
Real Estate Library
Pure Gold
RealtyTrac
Top 20
REALS
Award Winner
Z-LAW
Editor's Choice


Tenancy in Common

Parties
Any number of persons (can be husband and wife, but see "Presumption" limitations below)

Division
Ownership can be divided into any number of interests equal or unequal.

Title
Each co-owner has a separate legal title to his undivided interest.

Possession
Equal right of possession (only unity of interest required).

Conveyance
Each co-owner's interest may be conveyed separately by its owner. Tenancy in common dissolved by conveyance of co-tenant interest to another new tenancy in common is created between grantees and remaining co-tenants.

Purchaser's Status
Purchaser will become a tenant in common with the other co-owners in the property.

Death
On co-owner's death, his interest passes by will to his devises or his heirs by intestate succession. No survivorship right.

Successor's Status
Devisees or heirs become tenants in common.

Creditor's Status
Co-owners's interest may be sold on execution sale to satisfy his creditor. Creditor becomes a tenant in common with remaining co-tenants. Termination may occur as a result of involuntary sale (e.g., execution sale under a judgment or a foreclose sale under a mortgage or deed of trust).

Consumer Information Section
Title Information
Real Estate Information
Real Estate Lending
City/State Information
Travel & Tourism
Helpful Information
Home Insurance
Fun & Cool Stuff
Decorate Your Desktop
Top of Page | Top of Site California Title Company