Which term refers to ownership shared by two or more people without a right of survivorship?

The term that refers to ownership shared by two or more people without a right of survivorship is Tenancy in Common. In this arrangement, each owner holds an individual share of the property, which can be of equal or unequal size, and each owner has the right to sell or transfer their share independently.

One of the defining features of Tenancy in Common is the absence of a right of survivorship. This means that if one owner passes away, their interest in the property does not automatically transfer to the surviving co-owners; instead, it goes to their heirs or according to their will. This contrasts with Joint Tenancy, which includes a right of survivorship, allowing the remaining owners to inherit the deceased’s share automatically.

Community Property typically refers to a marriage-related property regime and is not applicable here. Co-Ownership is a more general term that could describe various forms of ownership, including Tenancy in Common, but it does not specifically capture the characteristic of lacking a right of survivorship like Tenancy in Common does.