Sole ownership
One person holds title.
Public flashcard set
Real Estate Ownership Forms
How title can be held.
real-estate exam career
Flashcards
Tenancy in common
Co-owners; undivided interests; inheritable.
Joint tenancy
Equal interests with right of survivorship.
Tenancy by entirety
Married couple form in some states.
Community property
Marital property system in some states.
Condominium
Own unit + share common elements.
Cooperative
Own shares; proprietary lease to unit.
Trust ownership
Trustee holds for beneficiaries.
HOA
Homeowners association rules/fees.
Timeshare
Right to use for intervals.
Severalty
Ownership by one person/entity.
Partition
Court/action dividing co-owned property.
Right of survivorship
Surviving joint tenant takes ownership.
Undivided interest
Share in whole property, not a slice.