Co-tenancies > Tenants In Common

Tenants In Common: Overview

Generally, tenants in common is the most common form of co-ownership and is the tenancy of default when no other co-tenancy is established or when a joint tenancy with right of survivorship or a Tenancy by the Entirety is severed. Tenants in common may own equal or unequal shares in the property, and may acquire an interest in the property at the same or different times, from the same or different grantors, through the same or different instruments. Each may dispose of his interest in any manner desired. In the event of death of a tenant in common, his co-tenancy interest becomes a part of his estate.