tenancy in common

**Tenancy in Common**

Tenancy in common is a form of property ownership where two or more individuals hold undivided interests in the same property. Unlike joint tenancy, each tenant in common owns a specific share of the property, which can be equal or unequal, and has the right to transfer or bequeath their share independently. This arrangement is commonly used in real estate and estate planning, providing flexibility for co-owners and ensuring that each party’s interest can be passed down according to their wishes. Understanding tenancy in common is essential for co-owners, investors, and legal professionals involved in property transactions.