Redfin

JUNE 10, 2025

Pros Enter homeownership sooner: Partnering with trusted friends is a common way for people to enter homeownership or real estate investing sooner. Start building equity : One of the major pros to buying a house vs renting is the chance to build equity on your investment. It also has specific rights of survivorship.

Purchase and sale agreement

HomeLight

APRIL 29, 2022

Here are a few of the most common types of home co-ownership scenarios , along with how each situation could affect your sale: Tenancy in Common. A tenancy in common is one situation where multiple people can own the same home. You also don’t have to be married to enter into tenancy in common.

Tenancy in common

Windemere Buying

JULY 19, 2021

Tenancy in Common (TIC) When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally. If a co-buyer dies, their ownership passes along to their designated heir. Unlike Tenancy in Common, co-owners must receive approval before selling any property shares.

Tenancy in common