7-Ownership Snapshot Review
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SOLE OWNERSHIP Tenancy in severalty Sole ownership of a freehold estate CO-OWNERSHIP Ownership by two or more owners Tenancy in common Co-tenants enjoy an individually owned, undivided interest; any ownership share possible; no survivorship Joint tenancy Equal, undivided interest jointly owned, with survivorship Requires four unities to create: time, title, interest, possession Tenancy by the entireties […]