common ownership
noun[U]
ukusLAW
asituationin which severalrelatedcompanies, etc. areownedby onepersonororganization:
The BBCoffersavarietyofopinionsdespitecommonownershipof allitschannels.
TheagreementwouldreunitePortland's NBAfranchisewithitsarenaundercommonownership.
PROPERTY(alsoownership in common)
asituationin which ahomeor otherpropertyisownedby more than onepersonororganization