06/01/2026
Key Terms ➡ What does tenants in common mean?
A form of property ownership in which two or more individuals hold title to real property together, each owning a separate and distinct share (which may be equal or unequal), but with equal rights to use and possess the entire property. Upon the death of a tenant in common, their ownership interest passes to their heirs or beneficiaries rather than automatically to the other co-owners.