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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The court emphasized the principle that possession by one cotenant is presumed to be possession of all cotenants.
It is very significant to note that the Supreme Court did not impose any obligation on police officers to take "affirmative steps to find a potentially objecting cotenant before acting on the permission they had already received.
The right to partition is generally considered an absolute right of any cotenant, barring a waiver.
One cotenant may covet the inherited property primarily because of what it embodies about self and family; while another may be much more interested in economic value.
19) In addition, if certain requirements are met, the cotenants can make an election, commonly called the Sec.
Where a cotenant adds improvements over and above what is needed to preserve the property, the law refuses to make another cotenant pay for improvements made without his or her approval.
In theory, but not in practice, the law of waste might penalize a cotenant for overuse, such as clear-cutting timber from property today if the timber would be more valuable in later years.
28) In fact, the court concluded that it was "perfectly reasonable to expect that a cotenant who is actually receiving the benefit of living on a property should be the one who foots the bill for reasonable expenditures associated with the property.
Ninth Circuit declared the sovereign cotenant duty in a treaty fishing
This arrangement also avoids a problem if an individual cotenant died or went bankrupt, thus affecting the other tenants-in-common.
Shortly after Knight Transportation headquarters finished installing its new access control system, the company's cotenant, Total Warehousing, installed the same system.