personal property

(Wex page)

Abandoned property is defined as personal property left by an owner who intentionally relinquishes all rights to its control. Real property may not be abandoned; see adverse possession.


At common law, a person...

(Wex page)

Lost property is typically personal property that an owner unintentionally and involuntarily parts with.

Real property may not be lost or mislaid.

Common Law Origins

Common law defines lost property as...

(Wex page)

A tenancy in common (TIC) is one of three types of concurrent estates (defined as an estate that has shared ownership, in which each owner owns a share of the property). The other two types are a joint tenancy and a tenancy by the entirety. A TIC...