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LSDefine

Simple English definitions for legal terms

Ownership in common

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A quick definition of Ownership in common:

Ownership in common means that two or more people share the right to own something together. If one owner dies, their share of the property goes to their own family, not to the other owner(s). This is different from joint ownership, where the remaining owner(s) would get the deceased owner's share.

A more thorough explanation:

Ownership in common refers to the right of ownership shared by two or more people whose interests are divisible. This means that each owner has a specific percentage of ownership in the property. For example, if A and B own a property in common, A may own 60% and B may own 40%.

Upon the death of one owner, their interest in the property passes to the dead owner’s heirs. For instance, if A and B have ownership in common of property (E), and A dies, A's share does not go to B. Rather, A's share goes to A’s heir. This contrasts with joint ownership, where the interest of the dead owner would pass to the remaining owner(s).

For example, if two siblings inherit a house from their parents and they decide to own it in common, each sibling would have a specific percentage of ownership. If one sibling dies, their share of the property would pass to their heirs, not to the surviving sibling.

Ownership | PACER

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texaslawhopefully
20:35
Chicago/UVA are more to the right but not by an exceedingly large difference
lilypadfrog
20:36
I feel like UVA doesn’t have that reputation the way Chicago does. That’s interesting. Thanks tex
yeah I've heard about uva being conservative
siroracle
20:48
Yeah it’s only 75 percent lib that’s pretty terrifying
Dkk
20:53
lmfao
20:59
@siroracle: funny cause true
@siroracle: don't you have a bridge to be under?
shouldn't you be collecting tolls
21:00
trolololol
atwatodbit
21:04
anyone know much about mich clerking
atwatodbit
21:05
ive tried to learn more about it but its hard to cut through stuff. numbers wise they look good?
21:06
this website is a good research tool for outcomes: https://app.lawhub.org/schools
atwatodbit
21:06
@llama: thanks!
21:06
yah
Dkk
21:10
Anyone else read the Antioch shooters manifesto today. Pretty crazy stuff.
21:14
sad
YRDSL
21:31
@texaslawhopefully: it's pretty funny how even in law journal articles people can't stop confusing Penn with Penn State
texaslawhopefully
21:40
lmfao I didn't even notice that
21:42
Yeah to penn Carey students I’m sure that is a
21:42
Those are fighting words
21:46
@Dkk: one of the most deranged documents i've ever had the displeasure of reading
lilypadfrog
22:03
sometimes I go into fight or flight mode until I get all my work done
i call that locking in
Dkk
22:29
@info-man: Indeed!
22:43
No movement today
23:12
Windy wya
23:19
I was just gonna grab her
shaquilleoatmeal
23:19
Got caught up w work and just finding the time to update my lsd fam, Penn A today around 12:15. Definitely a big morale boost and making me want to write to Spivey and say “guess my essays didn’t need you’re consulting after all” told me every school I applied to was a reach and I needed more safeties. Safeties my ahhhhhh 🥳🥳 alright done bein hype lol
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