DEFINITION of 'Co-Owner'

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.


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.

  1. Joint Tenancy

    A type of property right where two or more people own or rent ...
  2. Co-mortgagor

    A party or individual who cosigns a mortgage loan. Co-mortgagors ...
  3. Tenancy In Common

    A way for two or more people to have equal ownership interests ...
  4. Business Model

    The plan implemented by a company to generate revenue and make ...
  5. Beneficial Owner

    1. A person who enjoys the benefits of ownership even though ...
  6. Liquidity

    The degree to which an asset or security can be quickly bought ...
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