Understanding Property Ownership: Tenants in Common, Joint Tenants with Right of Survivorship, and Tenants by the Entirety
1. Tenants in Common: Flexibility and Individual OwnershipWhen multiple individuals own property as tenants in common, each holds a distinct percentage of the property. Unlike joint tenancy or tenancy by the entirety, there is no automatic right of survivorship. That means that when one of the ow...