Tom, Rick, and Harry had tenancy in common.
A legal arrangement known as a tenancy in common (TIC) allows two or more persons to jointly hold a piece of real estate or a plot of land. A TIC's main characteristic is that each partner retains the option to leave their respective shares of the property to their descendants while also being able to sell their respective portions of the property.
It might be simpler for you to obtain a home if you purchase a property with a tenants in common arrangement, which is one advantage. It may be more cost-effective to split the cost of upkeep and the necessary deposits and payments than just purchasing the property alone.
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