Which characteristic does NOT apply to Tenants in Common ownership?

Tenants in Common ownership is a form of property co-ownership where multiple individuals hold shares in a property. One key characteristic of this ownership type is that it allows for individuals to own unequal shares in the property. They can buy in at different times and can also will their share to heirs upon their death.

The notion of "Right of survivorship," however, is associated with Joint Tenancy ownership, not Tenants in Common. In Joint Tenancy, if one owner passes away, their share automatically passes to the surviving co-owners. Conversely, in Tenants in Common, each co-owner maintains a distinct and separate share, which they can bequeath according to their will. Thus, there is no right of survivorship in Tenants in Common, making that characteristic distinctly inappropriate for this form of ownership.

In summary, the absence of the right of survivorship in Tenants in Common ownership is what distinguishes it from other forms of co-ownership, firmly establishing that this characteristic does not apply to it.