What is a tenancy in common?

A tenancy in common is a form of ownership of property in California. This means that two or more individuals can share ownership of a single piece of property, such as a house or a piece of land. They don’t necessarily have to own equal shares of the property, either – it’s possible for one person to own a larger portion than the other. Each individual has a separate legal interest in the property, and can sell or transfer their interest without the permission of the other owner(s). This form of ownership is different from a joint tenancy, which involves two people who own the property almost as one entity, usually with equal shares. With a tenancy in common, the individual owners can bequeath their share of the property through a will. This makes it a popular option for two or more people who wish to share an asset but keep their ownership separate.

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What is a tenancy in common?

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