Business, Legal & Accounting Glossary
An obsolete form of co-ownership of land which was automatically assumed when land was inherited by two or more sisters, there being no male heir. Each co-parcenor held an equal share of the title, and had the same rights of possession over the whole estate (we would call this an undivided share these days). Unlike a tenancy in common, which it resembles in other ways, a co-parecency could be severed at law, that is, it could be ‘partitioned’ into equal and distinct legal estates. A tenancy in common could not, and indeed still can not, be partitioned without re-conveying the legal estate on different terms.
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This glossary post was last updated: 5th April, 2020 | 15 Views.