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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44) The effect of a sale on nonhomestead real property will subject the cotenant's share to all of his or her outstanding liens and judgments and reduce the net equity received by the cotenant.
Second, cotenants in a tenancy in common or joint tenancy in a particular tract of land share fractional ownership in the equity of redemption (114)-- junior lienors, on the other hand, are not owners of that land, but only holders of encumbrances.
The right to partition is generally considered an absolute right of any cotenant, barring a waiver.
The doctrine provides no remedy for a cotenant who is in possession or who is voluntarily not in possession.
Because the court did not find any activities that would put a cotenant on notice and thereby constitute an ouster, the court could not hold that there had been adverse possession until the conveyance.
sovereign cotenant trustees of this shared atmosphere.
Fifth, cotenants should, if possible, also make a Sec.
The appellate court upheld the trial court's determination that Myhand had the right to purchase the remaining ownership interests, citing an Alabama statute that allows cotenants to deposit money with the court equal to the appraised value of the property, and the court shall then proceed to transfer title to the purchasers.
sense that either cotenant may transfer his share to another party or
However, the power dynamic between cotenants is a relevant consideration in all third-party consent to search cases.
If the property generates income, such as rent, then each cotenant is entitled to a proportion of that income.
The already desirable penthouse suite becomes even more desirable when they meet their potential cotenant, Neha (Chopra), an editor on a fashion mag.