Tenancy in Common
From LawDepot Law Library
Definition of "Tenancy in Common"
Tenancy in common is an undivided ownership in real estate by two or more persons. The interest need not be equal, but unless the interest is expressed it is assumed to equal. In the event of the death of one of the owners, there is no right of survivorship in that owner's interest. Instead, the deceased’s interest will pass to his or her heirs.
