What does tenancy in common mean?

Tenancy in common is a way for two or more people to co-own property where each owner holds a separate, transferable share. Unlike joint tenancy, there's no automatic right of survivorship, so when one owner dies their share passes through their will or estate rather than to the other owners. The shares don't have to be equal, and owners can sell their portion independently. It's common among business partners or relatives who want to control their own piece.