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What is a Tenants in Common form of real estate ownership?

April 26, 2017common form ownership Real Estate tenants

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What is a Tenants in Common form of real estate ownership?

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Tenants in Common is a form of co-ownership of property in which the real property is owned by two or more persons at the same time. The proportionate interests and right to possess the property between the tenants in common need not be equal. Upon death, the decedent’s interest passes to his heirs named in the will who then become new tenants in common with the other tenants in common. Back to the top.