Co-Owner

What is a 'Co-Owner'

A co-owner is an individual or group that shares ownership in an asset with another individual or group. The co-owner of an asset owns a percentage, though the amount may vary according to the ownership agreement. The rights of each owner are typically defined in accordance with a contract or written agreement, which include treatment of revenue and tax obligations.

BREAKING DOWN 'Co-Owner'

The relationship between co-owners can vary, and the financial and legal obligations depend on the benefits each party ultimately look to receive.. For example, in real estate, the parties involved may operate under a Joint Tenancy or Tenancy In Common.

RELATED TERMS
  1. Tenants In Common - TIC

    The co-owners of an undivided interest in real property. Tenants ...
  2. Tenancy In Common

    A way for two or more people to have equal ownership interests ...
  3. Joint Tenants with Right of Survivorship ...

    A type of brokerage account which is owned by at least two people, ...
  4. Tenancy At Will

    A tenancy agreement where a tenant occupies property with the ...
  5. Joint Owned Property

    Any property held in the name of two or more parties. The two ...
  6. Joint

    A legal term describing a transaction or agreement where two ...
Related Articles
  1. Retirement

    Holding Titles On Real Property

    Find out how best to claim and convey ownership on your assets.
  2. Personal Finance

    The Benefits And Pitfalls Of Joint Tenancy

    This arrangement allows beneficiaries to access your account without having to go to court.
  3. Personal Finance

    Nonfreehold Estates In Real Property

    If you have an interest in real estate, read on to find out which type of property you have.
  4. Retirement

    Using Insurance in a Business Succession Plan

    How to use life and disability insurance to help fund a business succession or buyout plan.
  5. Personal Finance

    The Complete Guide To Becoming A Landlord: Landlord-Tenant Relationship

    A lease establishes the relationship of landlord and tenant and is both a conveyance of a possessory estate in real property and a contract between the parties. Through the lease, the tenant ...
  6. Markets

    Defining The 3 Types Of Investments

    Investments can be divided into three distinct groups – ownership, lending and cash equivalents.
  7. Investing

    Who is a Beneficial Owner?

    A beneficial owner enjoys the benefits of owning an asset even though its title is in another’s name.
  8. Entrepreneurship & Small Business

    Which Type of Organization Is Best For Your Business?

    Learn the differences between the types of business organizations so you can determine how to best structure your business for tax and liability limitations.
  9. Trading

    What's The Difference Between Options And Futures?

    An option gives the buyer the right, but not the obligation, to buy or sell a certain asset at a set price during the life of the contract. A futures contract gives the buyer the obligation to ...
  10. Markets

    Defining The 3 Types Of Investments

    An investment is something that is purchased with the expectation it will produce income or a profit. There are three main types: ownership, lending, and cash equivalents
RELATED FAQS
  1. How are the profits split between a general partner and a limited partner in a real ...

  2. Among the following property ownership arrangements, which may be entered into by ...

    The correct answer is b): Tenancy by the entirety and Community property are ownership arrangements that can only be between ... Read Answer >>
  3. What is the difference between share purchase rights and options?

    Discover the difference between share purchase rights and options, which are essential to understand when deciding to invest ... Read Answer >>
  4. What are the components of a financial account?

    Understand what the financial account is and how it relates to a country's balance of payments. Learn about the components ... Read Answer >>
  5. Which terms should be included in a partnership agreement?

    Understand what specific terms should be included in a business partnership agreement and how each affects the partners in ... Read Answer >>
  6. How are savings bonds taxed?

    Learn who is responsible for reporting U.S. EE savings bond interest for taxation and when the interest can be reported for ... Read Answer >>
Hot Definitions
  1. Put Option

    An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security ...
  2. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  3. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  4. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  5. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  6. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
Trading Center