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Definition · 1031 and DST

Tenant-in-Common

A co-ownership structure in which each investor holds an undivided deeded interest in a property.

Nashional Investments · Updated October 2026

Educational definition only, not investment, tax or legal advice.

In practice

In a 1031 exchange, small details decide whether the full gain is deferred: the identification deadline, the value and debt you replace, and who holds the sale proceeds. The term Tenant-in-Common comes up when we review an exchange or a Delaware Statutory Trust offering with a client. We read the offering memorandum, check the sponsor's track record and fees, and confirm the replacement fits the exchange rules before anything closes.

Questions

Common questions.

What does the term Tenant-in-Common mean?
A co-ownership structure in which each investor holds an undivided deeded interest in a property.
Why does Tenant-in-Common matter for investors?
In a 1031 exchange, small details decide whether the full gain is deferred: the identification deadline, the value and debt you replace, and who holds the sale proceeds. The term Tenant-in-Common comes up when we review an exchange or a Delaware Statutory Trust offering with a client.
Related terms

All terms

Where it applies

See how this fits into a real plan on our 1031 exchanges and DSTs page.

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