Laramie, Wyoming Real Estate: Tenants in Common

Real Estate Broker/Owner with Live in Laramie Real Estate, Laramie, Wyoming WY #12296

Laramie, Wyoming Real Estate:  Tenants in Common

In Wyoming, taking Title as Tenants in Common is one of the eight standard options.  The BASIC concepts of a Tenancy in Common as described in  "The Language of Real Estate" by John W. Reilly (2006, by Dearborn Financial Publishing, Inc) are:
Frog Gripping Wall

  • It is the most commonly held form of co-ownership
  • Each entity or person with ownership interest can be referred to as a co-tenant
  • Each co-tenant has an undivided interest in the whole property
  • Each co-tenant is entitled to undivided possession of the property according to his or her proportionate share
  • Ownership interest is considered to be equal among co-tenant unless conveyance documents indicate otherwise
  • No right of survivorship
  • If one co-tenant dies their share will pass to heirs or beneficiaries (not the other co-tenants)
  • The share of each co-tenant IS subject to probate if that co-tenant dies
  • Any co-tenant can sell their share without the permission of the other co-tenants
  • Since a co-tenant's share is subject to probate, it can create uncertainty if a co-tenant dies without a will or other arrangements.

As with Joint Tenancy, the concept of Tenancy in Common takes a full two pages to explain in the book cited above. So, again- only an attorney can advise whether or not Tenancy in Common might work for you.  


Posted by

Brenda Whitman, Broker/Co-owner                                                Office Phone: 307.460.3298

Live in Laramie Real Estate                                                                Cell Phone: 307.399.5477

302 S 2nd Street, Suite 206                                                      E-mail:

Laramie, Wyoming  82070                                                       Office Website:


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William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

Brenda, this is good info for anyone looking to purchase a home without having the benefits of being in a marriage relationship.

Feb 23, 2011 12:11 PM #1
Lauren Selinsky Broker CRS
California Coastal Estates - Aliso Viejo, CA
"Your California Real Estate Broker" TM #oclauren

Being married to a law guy ER'.... I send those questions to him... He is also my broker.. (i usually can answer, but leave it to him.... ;) Great post and love the graphics... What program do you use??? that little guy is cute...

Feb 23, 2011 07:01 PM #2
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Hi William - Very true!  More and more unmarried people are opting to buy homes together "nowadays". 

Hi Lauren - Very handy!  Sometimes, after I say "consult an attorney" after the hundredth time, I almost think it would be easier to get a law degree myself!  Then of course I come back to my senses...

Feb 24, 2011 03:14 AM #3
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Brenda,  Great post,  This is a great way to learn about all the different way to take title

Feb 24, 2011 06:46 AM #4
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Brenda Whitman, Live in Laramie Real Estate

Broker/Co-Owner, Laramie, Wyoming
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