Q.What is a tenancy in common?

A.By default, property owned by two or more individuals is a tenancy in common. When title to property is held as tenants in common, the ownership interest and the right to possession do not have to be equal between the owners, but unless otherwise stated is presumed to be equal. If one of the owners dies, the interest in the property held by the deceased owner will pass to that deceased owner's beneficiaries or heirs. The rightful beneficiary or heir will then become one of the new tenants in common with the other surviving tenant(s) in common. Typically a tenancy in common is denoted by words in the deed such as "… as tenants in common."

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