What is Tenancy in Common? | REAL-ESTATE-SALESPERSON Exam Prep

Tenancy in common is a form of property co-ownership where two or more people hold undivided interests in the same property, with each owner able to sell or transfer their share independently and leave it to heirs. 📚 Learn more about Tenancy in Common and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Tenancy in Common definition: https://www.open-exam-prep.com/glossary/tenancy-in-common 💡 Exam Tip: TIC = NO survivorship (heirs inherit). Can have UNEQUAL shares. Only POSSESSION unity required. Default form of co-ownership. --- #real-estate #examprep #financeexam #real-estate-salesperson