A Tenancy in Common is created when two or more people take title and tenants in common is specified or no other form of ownership is mentioned.
|•||Tenants in common have Unity of Possession|
|•||The Interest of each tenant may be unequal|
A tenant in common may transfer his/her interest by gift, sale, or will without permission of the other tenants
|•||The new tenant has the same rights and privileges that the grantor had|
|•||The new tenant is a tenant in common with the old tenants|
|•||A tenancy in common is most often created when parents die and leave real property to their children|