CommunityProperty | |
Individual | Owned by one person; sole ownership in real property. |
JointTenants | |
JointTenantsWithRightOfSurvivorship | Type of concurrent estate in real property in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. |
LeasedFee | |
LifeEstate | A right of ownership for the duration of a person's life that allows the person to reside on the property. |
Other | |
TenantsByTheEntirety | A type of concurrent estate in real property that occurs where the owners of property are husband and wife, wherein each spouse has an equal and undivided interest in the property. Right of Survivorship exists and neither spouse has a disposable interest during the lifetime of the other. |
TenantsInCommon | A type of concurrent estate in real property wherein the tenants each own a separate and undivided interest in the same real property and each has an equal right to the possession and use of the property. Upon the death of one tenant, his or her undivided interest passes to heirs through a probate proceeding. |
Unassigned | |