shared tenancy
[/ʃɛrd ˈtɛnənsi/]
nounpl: shared tenancies
aluguel compartilhado
1. A rental arrangement where two or more tenants share a property and jointly hold the lease agreement, with equal rights and responsibilities
In a shared tenancy, all tenants are equally liable for the rent and property damage.
Em um aluguel compartilhado, todos os inquilinos são igualmente responsáveis pelo aluguel e danos à propriedade.
2. A legal tenancy structure where multiple parties have the same interest in a rental property with no right of survivorship
The shared tenancy means each tenant owns an equal share of the lease.
O aluguel compartilhado significa que cada inquilino possui uma parte igual do contrato de aluguel.
In Brazil, shared tenancy is extremely common among young professionals and students, particularly in major cities like São Paulo and Rio de Janeiro. The informal 'república' (shared house) is a cultural staple of university life. In the US, shared tenancy has become increasingly popular due to rising housing costs, especially in expensive markets like NYC, San Francisco, and Boston. Legal implications vary significantly between jurisdictions regarding liability and lease termination rights.
NYC Slang
roommate situation / split rent
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