cotenant :

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  • n  one of two or more tenants holding title to the same property
News & Articles

  • Estate Planning: New exclusion from reassessment for co-owners
    California has enacted a new statutory exclusion from change in ownership for local tax assessments that protects certain cotenants (co-owners) from reassessment at the death of a cotenant. Real property that has been held for a long time is often taxed at a lower value than it would be if its value was reassessed to its current value.   Let us examine the new exclusion, how it fits in with ...
    June 8, 2013 - Lake County News

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