What is Tenancy-In-Common Ownership in Washington Real Estate? Tenancy-In-Common is one way for two or more persons to hold ownership together in Washington Real Estate. Each cotenant owns an undivided interest in the entire property. This means that specific areas of the family cabin are not owned by one cotenant or another but are shared as a whole collectively. There may be multiple cotenants with the same or different ownership interests over time. Every cotenant has the right to possess, use and enjoy the entire property. As a result, each cotenant can do more or less what they want to do with their own interest, including sell, transfer and even encumber it without the consent of the other cotenants. It is recommended that the cotenants create a written co-tenancy agreement which specifies the rights and duties of each co-tenant including payment for property taxes, utilities and maintenance as well as a right of first refusal in the event of a sale or transfer. It is best to record the agreement or at least notice of the agreement with the County Auditor. The interest of each cotenant passes onto their estate as there is no right of survivorship as in the case of a Joint Tenancy.