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Tenancy in common

Where two or more people buy a house and each owns a fixed share of the property, they’ve got ‘tenancy in common’. One tenant in common may have a larger share of property than the other tenant(s). The other main type of agreement is a Joint Tenancy.

Unlike joint tenants, the tenant in common is also free to dispose of his or her share without restrictions. Furthermore, tenancy in common has no right of survivorship. This means that the property does not automatically transfer to the other tenant in common if one tenant dies; instead the property goes to the deceased's heirs in line with their Will.