Does Each Co-Tenant Have the Right to Use 100% of Joint Property?
In Tennessee, 95.2% of the land is privately owned.[i] In many cases, private land is concurrently owned by two or more individuals as tenants in common. Although each co-tenant in a tenancy in common holds an undivided interest in the property and retains the right to use and enjoy the property in its entirety, the co-tenants do not necessarily hold equal interests in the total value of the property. For example, one co-tenant may hold a 60% share of the property’s interest while two other co-tenants hold a 20% share; despite this, each tenant has the right to use 100% of the property.
What Is a Recurring Legal Issue That Impacts Tenancies In Common?