Cotenant Legal Meaning and Definition

Here is a simplified definition of the legal term Cotenant.

Cotenant (noun)

A cotenant is an individual who shares legal ownership or interest in the same property with one or more other individuals. This arrangement is common in real estate where several people may hold joint title to a particular property. The individual rights and obligations of cotenants may vary based on the specific type of cotenancy agreement (such as joint tenancy or tenancy in common).