What is the term used for co-owners in a property?

The term that describes individuals who jointly own a property is "co-tenants." Co-tenants are individuals who share ownership rights in a property and have equal rights to possess and use the entire property, regardless of their individual ownership percentages. This arrangement can occur in various forms, such as joint tenancy or tenants in common, where two or more parties have a legal interest in the property.

In real estate, the concept of co-tenancy is significant because it delineates how property ownership can work among multiple parties. Each co-tenant has an undivided interest in the property, meaning they cannot be denied access to any part of it, and typically, any decisions regarding the property must include all co-tenants. This term is widely recognized in legal contexts, making it essential for real estate professionals to understand.

The other options provided do not accurately describe co-ownership in a property. "Co-owners" is a more general term but lacks the specific legal nuance associated with property rights shared by individuals. "Lessees" refers to tenants who lease a property and do not own it, while "beneficiaries" typically pertains to individuals who inherit or receive benefits from a trust rather than owning real estate collaboratively. Therefore, co-tenants is