What Is Tenancy in Common?
Tenancy in common lets two or more people own a property together in unequal or equal shares, each free to sell or will their share independently — with no automatic right of survivorship to the other owners.
Joint Tenancy vs. Tenancy in Common
Equal ownership shares with automatic right of survivorship — a deceased owner's share passes directly to the surviving owners, bypassing probate.
Ownership shares can be unequal, and each owner's share passes to their own heirs, not automatically to the other owners.
Related Terms
More Owning Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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