What is a co-tenancy or co-ownership?
Co-tenancy is co-ownership of the same property by 2 or more owners. Co-ownership has benefits and legal consequences. Liabilities of a co-owner can affect the rights of other co-owners to the property, including the right to use the property or to sell the property. A co-ownership agreement should clearly define the rights of the co-owners and should attempt to anticipate legal problems of a co-owner that may affect another co-owner.
