Thanks for a great question Dan. No, there is no requirement for ‘tenants in common’ to reside in the property. It’s simply a definition of percentage shares owned (and might therefore for example apply to a property that is an investment property or even non residential). And, there is no minimum percentage requirement. Great questions and if it’s OK with you I’ll add them to our FAQs section on this subject on our site. Cheers Dan – Team Qlaw.