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. In a Tenancy in Common arrangement, owners can have unequal shares, such as one owning 70% and another 30%. This type of ownership is common in real estate investments, where multiple investors pool resources to purchase a property together.