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Tenancy In Common
A form of real estate ownership where two or more individuals possess property simultaneously, with each holding an undivided interest in the property.
Joint Tenancy
A legal arrangement where two or more individuals hold property jointly, with equal rights and privileges.
Tenancy By The Entirety
A form of joint property ownership available only to married couples, where each owns the entire property, and upon one's death, the survivor automatically owns the property outright.
Life Tenant
A person who has the right to use and benefit from property during their lifetime but cannot bequeath it, as the property reverts to another on their death.
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