Tenancy in Common is a real estate term you will encounter when buying, selling, or financing a home in Ventura County. This page gives you a plain-English definition and explains why it matters.
What it means
Tenancy in common is a form of co-ownership in which two or more people own a property, possibly in unequal shares. Unlike joint tenancy, there is no right of survivorship — when an owner dies, their share passes to their heirs or as directed by their estate plan, not automatically to the other owners. Each owner can sell or transfer their share.
Why it matters in Ventura County
Tenancy in common suits Ventura County co-owners who want unequal shares or independent control over what happens to their interest. Because the choice affects estate and tax outcomes, Brian suggests confirming the structure with an attorney before taking title.
Frequently Asked Questions
How does tenancy in common work?
Two or more owners hold shares, which can be unequal, and each can sell or transfer their interest independently.
Is there survivorship in tenancy in common?
No. When an owner dies, their share passes to their heirs or estate, not automatically to the other owners.
Can tenants in common own unequal shares?
Yes. Owners can hold different percentages, which should be stated when title is taken.
