ownership in common

Definition of "ownership in common"
  1. A shared property right where if one partner passes away, their property interest transfers to their heirs, not the remaining owners
How to use "ownership in common" in a sentence
  1. When their mother passed away, the sisters had ownership in common of the family house.
  2. They purchased the property using ownership in common, ensuring their respective heirs would inherit their share.
  3. Through ownership in common, she inherited her uncle's share in the family business after he passed away.

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