Tenancy
A form of co-ownership or possession of property — joint tenancy, tenancy in common, tenancy by the entirety, or a leasehold.
Tenancy in common is the default concurrent estate (no survivorship, freely devisable). Joint tenancy adds survivorship. Tenancy by the entirety (married couples, in many states) adds creditor protection and requires both spouses to convey. Leasehold tenancies — term of years, periodic, at will, at sufferance — govern the landlord-tenant relationship.
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