As a former paralegal, I just HAD to find the answer to this question! Phil and Rodney are correct, Tenants in common is a form of ownership wherein two or more people share ownership in a property. Each party owns an undivided interest in the property, which means that each partner has a right to possess the entire property, no one can claim a specific portion of the property for himself. Their interest in the property does not need to be the same size, and any income or expenses associated with the property belongs to the tenants in common according to the size of their interest in the property. There is no right of survivorship, so if one of the tenants in common dies, their ownership interest goes to their heirs who then become tenants in common with the others. Each owner can independently mortgage, sell, give away or will his interest property. The paperwork has to be done carefully, though, especially if the shares are not equal.
Married people take ownership of property, generally, as Tenants in the Entirety.
My mistake, and I STILL recommend you consult with an attorney because these things are very tricky. Thanks for the question! Made me to back to my textbooks for a quick refresher course on types of ownership!