Which statement correctly identifies a feature of tenants in common?

The statement that identifies a feature of tenants in common is that each owner’s share is independent and can be transferred. This means that each co-owner holds a distinct and separate interest in the property, which is not dependent on the other owners. As such, a tenant in common has the right to sell, transfer, or will their share of the property without needing the consent of the other co-owners.

In a tenancy in common, each owner may have different ownership percentages. For example, one person might own 50% of the property, while another owns 25%, and a third owns 25%. This flexibility allows individuals to enter and exit property ownership according to their personal circumstances without affecting the overall ownership structure.

The other selections address aspects that are not applicable to tenants in common. Merging shares into one ownership pertains more to joint tenancy, where owners have equal shares and rights of survivorship. The inability to sell or transfer a portion of the property and requiring unanimous decisions for property use do not apply to tenants in common, as their rights are distinct and independent. Thus, the feature of independent shares that can be freely transferred is a fundamental characteristic of this form of property ownership.