Real Estate Glossary

What is Tenants In Common?

Tenants in common is a type of property ownership in which two or more people own the property together, but each has a distinct and separate share of the property. This means that each tenant in common has the right to use the property, but they also have the right to sell or transfer their share of the property independently. This type of ownership allows multiple people to own a property together, but also allows them to have separate ownership interests.

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