tenancy in partnership
- A type of tenancy where partners are bound to use partnership property exclusively for partnership activities and are not allowed to separately allocate their rights in the property
- The agreement clearly states the rules of tenancy in partnership to prevent any misuse of the jointly owned assets.
- Due to tenancy in partnership, John could not rent out his share of the partnership property without the agreement of all other partners.
- The lawyer explained the concept of tenancy in partnership to ensure all partners understood their obligations regarding the use of their shared property.
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