What defines a right of use for a property shared among multiple owners?

A right of use for a property that is shared among multiple owners is defined as tenancy in common. In this arrangement, each owner holds an individual, undivided interest in the property, meaning they have the right to use and enjoy the entire property, not just a specific part. This type of ownership allows for flexible ownership percentages, where each co-owner has a distinct share that can be different from others.

Tenancy in common is significant because it facilitates shared ownership while allowing individual owners the freedom to sell, transfer, or bequeath their share of the property independently. This differs from other arrangements, such as joint tenancy with right of survivorship, which typically provides for equal shares and automatic transfer of the deceased owner's interest to the surviving owners.

In contrast, personal easements grant specific rights to use a portion of another person's property, while lease agreements establish a temporary arrangement for a tenant to use property owned by another party. Neither of these options encapsulates the notion of shared ownership among multiple owners in the same way that tenancy in common does.