Tenancy in common
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Tenancy in common is a form of property ownership in which several persons acquire property together and shares in its ownership and rights of use.
Such a tenancy differs from a joint tenancy or a tenancy by the entirety in that there is no right of survivorship, i.e., other tenants do not automatically obtain their co-tenant's interest when he passes away. In addition, a tenancy in common does not require equal interest by all co-owners.