Tenancy In Common is a form of property ownership where two or more individuals hold shares in a single property. Each owner has a distinct, transferable interest in the property, which means they can sell or bequeath their share independently. There is no right of survivorship, so when one owner passes away, their share goes to their heirs rather than the remaining owners. This arrangement allows for flexibility in ownership percentages, meaning one owner can have a larger share than another. Tenancy In Common is commonly used in real estate investments, family properties, or among friends who want to co-own a property without forming a partnership.