Tenants in common

A form of joint property ownership where co-owners hold individual shares. These shares can be equal or different in size, unlike joint tenancy, which features equal shares with the right of survivorship. Each co-owner’s share is part of their estate and can be sold, transferred, or bequeathed independently. This means that when a tenant in common dies, their share does not automatically pass to the other co-owners but is managed according to their will or estate plan.