tenancy at will
... if no time has been determined as to the length of the rental agreement, it is considered to be a tenancy at will. That means that either landlord or tenant may terminate the tenancy by 30 days notice. Neither landlord nor tenant has to wait to t ...

tenancy by the entirety
is a special type of joint ownership of real property that is available to husband and wife only. Joint tenants with right of survivorship have equal rights in the property, and if one spouse dies the other spouse receives the title to the whole parc ...

tenancy in common
a type of tenancy where more than one person own interest in a piece of real property. The interest of each owner does not have to be equal. The deed that created tenancy in common may or may not state the shares of each tenant in common. It the deed ...

tenant
a person that is allowed to live in a house or an apartment of another according to the terms of a lease agreement with the landlord.

tenants by the entirety
Is a type of tenancy available only for married couples. Husband and wife each own the undivided whole of the property, so upon the death of one of the spouses, his/her share goes directly to the surviving spouse.

testamentary
pertaining to a will.

testamentary trust
a trust created after the grantor’s death (by the terms of his will), as opposed to a Living Trust, created during his lifetime.