What is the definition of tenants in common in Maryland?

Full question:

I'm trying to find the definition that the state of maryland gives to tenants in common. Please direct me. It would be good if you had a case.

  • Category: Real Property
  • Subcategory: Joint Tenants
  • Date:
  • State: Virginia

Answer:

In Maryland, tenants in common hold title to property with each having an undivided interest. This means that all tenants can use the entire property, but their ownership shares may be unequal. Unlike joint tenants, tenants in common do not have a right of survivorship; when one tenant dies, their share does not automatically go to the other tenants. Instead, it can be sold, mortgaged, or passed on through a will. If a tenant in common dies, their share must go through a court-administered estate process to transfer ownership.

Tenancy in common can be established through a deed, will, or by law, and it allows any co-owner to manage their interest independently. This can lead to potential disputes regarding property management or income distribution among co-owners. Key characteristics of tenants in common include:

  1. Each tenant can sell or transfer their interest as they wish.
  2. Upon death, a tenant's interest is passed according to their will or state intestacy laws if there is no will.

For relevant case law, see Helinski v. Harford Memorial Hospital, Inc., 376 Md. 606 (2003), where the court discussed the implications of joint tenancy and severance, which are distinct from tenants in common.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A tenancy in common is also known as a concurrent ownership. It allows two or more individuals to own property together, where each owner has an undivided interest in the property. Unlike joint tenancy, there is no right of survivorship, meaning that if one owner dies, their share does not automatically pass to the other owners.