Glossary - Tenancy in Common

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Tenancy in Common

A tenancy in common is a type of property ownership. In a tenancy in common two or more owners possess a share of the property. The shares can be equal or unequal, but all owners have the right to use the entirety of the property. The shares of ownership in a tenancy in common also can be transferred during the life of the owner and the ownership interest is passed after death through a will.