Definitions for "TENANT IN COMMON"
Two or more individuals receive title with each person owning an interest in the property. Unless the deed specifies otherwise, each individual has an equal interest in the property. Upon the death of a tenant in common, the deceased's interest in the property passes to his or her estate.
A form of holding title to property with others. If you own property as tenants in common with others, upon your death, your interest in the property is transferred by the terms of your will. Your interest does not go automatically to the other joint owners. See also joint tenancy.
A form of property ownership whereby each owner (or tenant) owns an undivided interest in the property. Upon the death of a tenant in common, there is no right of survivorship in the other tenant(s) in common and the property of the deceased tenant in common passes to his estate or heirs.