Will this be applicable is the common attribute is a proper subset of a key in one relation. ?
No. Common attribute must be a KEY.
I dont know how to check for dependency preserving.. can someone please explain the steps for it ?
Proper steps you can see in DBMS text. If you practice, in GATE you can see each decomposed relation and what all dependencies they satisfy. Then, also consider transitive dependency and see if these cover all the dependencies of original relation.