How many parties can hold a tenancy in common?

A tenancy in common is a form of ownership where two or more individuals hold title to a property. This arrangement promotes flexibility, allowing any number of parties to share ownership. Each tenant in common can own different percentages of the property, and unlike joint tenancy, there is no right of survivorship in this type of ownership. If one owner passes away, their share can be inherited by their heirs rather than automatically passing to the other owners.

The concept of multiple parties sharing ownership is fundamental to tenancy in common, which is why it is essential to understand that there can be two or more parties involved. This distinguishing feature enables diverse ownership structures in real estate transactions, making it a common choice among investors and co-owners.