Tenancy-in-Common

Learn what tenancy-in-common is in Canadian real estate, how it differs from joint tenancy, and when this co-ownership structure is used.

Tenancy-in-Common

May 30, 2025


What is Tenancy-in-Common?

Tenancy-in-common is a form of property co-ownership where two or more individuals hold separate ownership interests, which do not automatically transfer to the other owners upon death.

Why Does Tenancy-in-Common Matter in Real Estate?

In Canadian real estate, tenancy-in-common is used when co-owners want to own unequal shares or pass their ownership to heirs rather than other co-owners.


Key features include:
  • Each owner has a distinct share (equal or unequal)
  • No right of survivorship
  • Shares can be sold or transferred independently



This ownership structure is common among business partners, friends, or investors. Legal agreements may be needed to outline shared use and responsibilities.



Understanding tenancy-in-common helps co-owners manage estate planning, exit strategies, and financial rights over shared real estate.

Example of Tenancy-in-Common in Action

Three siblings inherit a home as tenants-in-common, each with a one-third share. One later sells their portion to an outside buyer.

Key Takeaways

  • Allows separate and unequal ownership shares.
  • Shares can be left to heirs.
  • No automatic transfer to co-owners.
  • Suitable for unrelated co-owners or investors.
  • May require legal agreements for use and sale.

Related Terms

  • Joint Tenancy
  • Right of Survivorship
  • Ownership Rights
  • Legal Title
  • Estate Planning

Additional Terms

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