Tenants in common
Tenants in common is a type of real property ownership that allows two or more people to own land together. When a real property is owned by tenants in common, each owner has a separate share in the property, which may be equal or unequal.
Each tenant in common has the right to dispose of their interest in the property independently, however they share an equal right to use and enjoy the entire property, regardless of their share.
In addition, when a tenant in common dies, their share of the property can be passed on to their beneficiaries in accordance with their will, rather than automatically going to the other owners (that is, there is no right of survivorship as opposed to a joint tenancy).
Overall, tenants in common is a usual form of property ownership for those who want to own real property with others while retaining individual control over their share of the property.