In a Tenancy in Common (TIC), which of the following holds true?

In a Tenancy in Common (TIC), the principle that holds true is that no unities other than possession are required. This means that tenants in common can hold various, unequal shares of the property, and each owner has the right to possess and use the entire property despite their individual ownership share. This flexibility in ownership allows multiple individuals to co-own property without the need for equal division among them, a key feature that distinguishes a TIC from other co-ownership forms such as joint tenancy.

The other statements do not accurately describe the nature of a TIC. The requirement for equal shares does not apply, as tenants in common can have unequal ownership interests. Additionally, property owned in a TIC can be freely alienated, meaning one co-owner can sell or transfer their share without the consent of the others. Lastly, there is no obligation for the property to be retained collectively forever; co-owners may choose to sell or divide the property at any time. Hence, the statement regarding the necessity of only the unity of possession being required correctly captures the nature of a Tenancy in Common.