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What is tenancy-in-common?

A tenancy-in-common is a form of property ownership where each co-owner holds a separate and definite share in the property. However, all co-owners are entitled to the enjoyment of the whole property regardless of their share in the property.

In a tenancy-in-common arrangement, each owner can have a different ownership interest in the property. For example, one owner may own 50% of the property, while the other two owners own 25% and 25% respectively.

When a tenant-in-common dies, their share in the property does not automatically go to the other owners. Instead, it will be passed on according to their will. If they do not have a will, it will be distributed according to the Intestate Succession Act.