In real estate law, tenancy in common is a form of co ownership in which two or more persons hold undivided interests in the same property. Each co tenant has the right to possess and use the entire property, even though their ownership shares may be unequal.
Unlike joint tenancy, tenancy in common does not include a right of survivorship. Upon the death of a co tenant, that person’s interest passes to heirs or beneficiaries rather than to the remaining co owners.
