Which of the following statements is true about tenancy in common?

This statement is false because in a tenancy in common, the ownership interests of the co-owners can be unequal. For example, one tenant may own 50% of the property while another owns 30%, and a third tenant may own the remaining 20%. The key feature is that each tenant holds an individual share, which can vary in size.

This option is incorrect because tenants in common do have the right to file a suit for partition. This legal action allows them to request the division of the property or the sale of the property and distribution of proceeds among the co-owners. Thus, this statement misrepresents a fundamental right of co-owners in a tenancy in common.

This statement is misleading as it suggests a right of survivorship, which is not applicable in a tenancy in common. In fact, when a tenant in common dies, their interest in the property passes to their heirs or beneficiaries, rather than the surviving co-owners. This distinguishes tenancy in common from joint tenancy, where the last survivor would own the property in severalty.