What type of ownership is characterized by co-ownership with no rights to survivorship?

Tenancy in Common is a form of property ownership that allows two or more individuals to hold title to the same property while having distinct shares that can be unequal. One of the key characteristics of tenancy in common is that there are no rights of survivorship; when one owner dies, their interest in the property passes according to their will or state inheritance laws, rather than automatically transferring to the surviving co-owners. This gives each owner the flexibility to inherit their share as they wish, providing a more individual approach to ownership compared to joint tenancy, where the rights of survivorship are a defining feature. Additionally, each co-tenant in this arrangement can sell, transfer, or mortgage their interest in the property independently, further establishing the distinct nature of their ownership.