Tenants in Common Agreement

A Tenants in Common Agreement allows for multiple people to share interest in real property while retaining a lot of the freedoms that can be restricted in a joint tenancy. When you went in with someone to purchase property you likely had plans for it. A tenancy in common allows you to own an unequal share of the property, alienate that share by selling or gifting it to another, and transfer that share on to your heirs when you pass. A Tenants in Common Agreement can help you lay out and document the important details.

Use the Tenants in Common Agreement document if:

• You purchased property with other people.
• You and others inherited or were gifted property.