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Simple English definitions for legal terms

cotenancy

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A quick definition of cotenancy:

Term: Cotenancy

Definition: Cotenancy means that more than one person owns the same property at the same time. For example, if two or more people sign a document saying they own a house together, they are cotenants. This is also called "tenancy in common." Another example is when two or more people rent an apartment together and sign a joint rental agreement.

(See also: cotenants, joint tenancy, tenancy by the entirety)

A more thorough explanation:

Cotenancy refers to the situation where two or more people have ownership or interest in the same property at the same time. In Wisconsin, cotenancy is classified under WI Stat § 700.18 (2019) as when two or more people are named as owners in a document of title, transferees in an instrument of transfer, or buyers in a bill of sale, and are considered tenants in common.

  • Two friends buy a house together and both have equal ownership and responsibility for the property.
  • A family inherits a piece of land and all the siblings have equal ownership and decision-making power over the land.
  • Several business partners purchase a commercial building and each has a percentage of ownership in the property.
  • Two roommates sign a joint rental agreement to share an apartment and both have equal rights and responsibilities for the space.

These examples illustrate how cotenancy can occur in various situations, such as personal or business partnerships, inheritance, or rental agreements. In each case, multiple individuals have a shared interest in the same property and must work together to make decisions and manage the property.

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HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
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