What term refers to co-ownership of property by two or more persons without the right of survivorship?

The term that describes co-ownership of property by two or more persons without the right of survivorship is Tenancy in Common. In this arrangement, each co-owner holds an individual share of the property, which can be of equal or unequal amounts. A key feature of Tenancy in Common is that each owner's share can be sold, transferred, or passed on to heirs without the other co-owners' consent, as there is no automatic right of survivorship among the owners; when one owner dies, their share of the property is distributed according to their will or the state's intestacy laws, rather than passing to the surviving owners.

This arrangement contrasts with other forms of co-ownership. For instance, Joint Tenancy includes the right of survivorship, meaning that if one owner passes away, their share is automatically transferred to the surviving owner(s). Community Ownership and Shared Tenancy are not widely recognized legal terms regarding property co-ownership, making them less accurate in this context compared to Tenancy in Common.