Legal Definitions - coparcenary

Definition: Coparcenary is a type of property ownership where multiple people inherit the same property, and each person owns an undivided, transferable interest in the property. This means that each person has a share in the property, but they do not own a specific part of it. Instead, they own a portion of the property as a whole. The term coparcenary has mostly been replaced with tenancy in common, which is very similar.

Example: Let's say that a father passes away and leaves his house to his three daughters. In a coparcenary, each daughter would own an equal share of the house, but they would not have specific parts of the house that they own. This means that they would all have to agree on any decisions regarding the property, such as whether to sell it or make renovations.

Explanation: This example illustrates how coparcenary works in practice. Each daughter would have an equal share in the property, but they would not have specific parts of the house that they own. This means that they would all have to agree on any decisions regarding the property, such as whether to sell it or make renovations. This type of ownership can sometimes lead to disagreements between co-owners, which is why it is not as common as it used to be.