Tenancy in Common

Tenants in common are co-owners of real estate or property who hold individual, undivided fractional interests that can be equal or unequal in percentage. Unlike joint tenants, tenants in common do not have survivorship rights; if one tenant in common dies, their share passes to their heirs or beneficiaries, rather than automatically to the surviving owners. Each tenant can sell, transfer, or bequeath their share independently, and all tenants have equal rights to access and use the entire property regardless of ownership percentage. This arrangement is common when friends, family members, or investment partners buy property together and want flexibility in ownership and estate planning.