Tenancy in Common
Tenancy in common is another commonly seen type of farmland ownership we see. Tenancy in common is where a property is held by two or more persons with only the unity of possession. There may hold a varying size of interest in the property. The owners may take the title at different times. The owners may also have different deeds.
Possible Issues
The owners will share an undivided possession. So upon the death of one owner there is no right of survivorship. The other owner can't take the passed owners shares unless stated so in a will. Decedent's interest passes to his or her will. Or, it passes to the state law of distribution.
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