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In the United States, there are different forms of co-ownership of real property: tenancy by the entirety, joint tenancy with the right of survivorship and tenancy in common.

  • Tenancy by the entirety is a type of joint tenancy reserved for married people only and each party has an equal interest.
  • One of the legal requirements of creating a joint tenancy with the right of survivorship is that both parties must have an equal interest. However, joint tenants do not have to be married.
  • Two people who decide to own property together as tenants in common each own a half interest unless they set up another arrangement in the deed such as a 60-40 split.

One similar aspect of any type of joint or common ownership is that each owner has the right to the use and possession of the whole property. For example, if A owns a 70 percent undivided interest and B owns a 30 percent undivided interest, B has the right to the use and possession of the whole property.

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Hal Keebler

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2y ago

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In the United States, there are different forms of co-ownership of real property: tenancy by the entirety, joint tenancy with the right of survivorship and tenancy in common.Tenancy by the entirety is a type of joint tenancy reserved for married people only and each party has an equal interest.One of the legal requirements of creating a joint tenancy with the right of survivorship is that both parties must have an equal interest. However, joint tenants do not have to be married.Two people who decide to own property together as tenants in common each own a half interest unless they set up another arrangement in the deed such as a 60-40 split.One similar aspect of any type of joint or common ownership is that each owner has the right to the use and possession of the whole property. For example, if A owns a 70 percent undivided interest and B owns a 30 percent undivided interest, B has the right to the use and possession of the whole property.


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