Which type of ownership allows for the sale of property without the need for approval from other owners?

Tenants in common ownership allows each co-owner to independently sell or transfer their share of the property without needing approval from the other co-owners. This type of ownership signifies that each individual has a separate, distinct interest in the property, and this interest can be sold or inherited independently.

In a tenants in common arrangement, there are no rights of survivorship, so if one owner decides to sell their interest, they can do so freely. This often provides greater flexibility and is a more straightforward option for individuals who want to retain control over their own share of property without potential complications arising from the opinions or decisions of their co-owners.

In contrast, other types of ownership, such as joint tenancy and tenants by the entirety, typically require consent from other owners for any sale or transfer of interest. Joint tenancy includes a right of survivorship, meaning if one owner passes away, their interest is automatically transferred to the remaining owners, which complicates individual sales. Similarly, tenants by the entirety is specifically designed for married couples, and neither spouse can sever the joint interest without agreement from the other. Condominium ownership also involves common areas and governance rules, which may require approval for transactions involving shared ownership.

Thus, tenants in common is the type of ownership that