cotenancy


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cotenancy

A form of property ownership in which two or more persons or entities own undivided interests.The interests do not always have to be in equal shares.

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Accordingly, the cotenancy will need to separate the real estate ownership from the business operations by forming another entity to conduct operations and manage the property.
The cotenants should also enter into a written cotenancy agreement that clearly expresses their intention not to be a partnership.
157) The defendant claimed that since the plaintiff forced himself into a cotenancy relationship, there was never any trust between the parties.
However, since each cotenant is entitled to hold the property, it is difficult to apply this rule to a cotenancy situation.
has invoked the cotenancy model to describe shared sovereign rights to
A cotenancy typically implies each party's right to full
the treaty] established something analogous to a cotenancy, with the
1914) ("As an incident to a cotenancy relationship, either
and profits of the cotenancy, which of course, involves the right of one
First, it must be determined whether the cotenancy constitutes a federal income tax "entity.
Cotenancy cases are unlike other relationship-type cases in that the claiming cotenant already has an ownership interest in the property before the statute begins to run.
At the time of Nedry, the existence of a tougher notice standard was explicit in regard to cotenancy cases.