With simple cotenancy, the decedent's family can claim part ownership, force a sale or even move in. |
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Under the new agreement, the cotenancy operation was to be managed by an owners' committee having equal representation from the two companies. |
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Another red flag is a cotenancy clause that permits a drug or grocery store to close if the other one vacates the space. |
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Cotenancy is a legal term designating ownership of undivided interests in real property by more than one person. |
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