What does the term "tenancy in common" allow regarding property ownership?

The term "tenancy in common" refers to a type of co-ownership in which individuals hold an interest in a property together. One of the fundamental characteristics of tenancy in common is that each owner has the right to sell, transfer, or devise their interest in the property independently of the other owners. This means that one co-owner can sell their share without needing approval or consent from the other co-owners, allowing for more flexibility and independence in property rights.

In contrast, other forms of co-ownership, like joint tenancy, typically require consensus among owners for any sale or transfer of interests. Additionally, in joint tenancy, the death of one owner results in the automatic transfer of that owner's interest to the surviving owners, whereas tenancy in common allows an owner's interest to be passed on to heirs or sold separately upon their death. Therefore, the correct understanding of tenancy in common emphasizes the ability of each owner to act independently regarding their share, which aligns with the correct answer choice.