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What Are the Forms of Co Ownership of Real Estate?

What Are the Forms of Co Ownership of Real Estate?

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the four major forms of co-ownership are as follows tenancy in common joint tenancy tenants by entirety and community property here are their differences in both the property being held and how the property is conveyed in tenancy in common each tenant holds a fraction that is undivided with the unity of possession only the property is conveyed by a will but only for the fraction that they own and not for the entire property in joint tenancy there is a unity of ownership created by an intentional act with unities of possession interest time and title the conveyance is by the right of survivorship so you cannot will it to your heirs in tenants by entirety each spouse has an equal undivided interest in the property conveyance is by the right of survivorship both signatures have to be on the deed and one party cannot convey one half of the interest in community property spouses are equal partners together they own everything that has been acquired during the marriage any conveyance is done

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