Definitions

1. noun

A person, company, or entity that owns or shares a property or asset with one or more others, often under a joint or shared agreement.

“The lawyer explained the rights and responsibilities of the cotenants in the shared ownership of the beachfront property.”

2. verb

To share ownership or possession of something with one or more other persons or entities.

“The couple decided to co-tenancy the apartment with their friends until they could afford to buy it themselves.”