Tenancy in Partnership
Tenancy in partnership is an important principle in understanding an individual partner’s ownership right as it relates to the partnership and the law of partnership. Does he own the assets jointly or as tenants in common?
Ownership with two or more parties of titled property is referred to as joint tenancy. This term is also used when discussing ownership of partnerships, limited liability companies and certain forms of association.
Tenancy in partnership is an important principle in understanding an individual partner’s ownership right as it relates to the partnership and the law of partnership. Does he own the assets jointly or as tenants in common?