Forms of Ownership

Question 1

Tenancy in Severalty

Answer 1

sole ownership of a freehold estate; passes to heirs

Question 2

Tenancy in Common

Answer 2

• Co-tenants individually own undivided interests
• No survivorship
• Can convey to outside parties

Question 3

Joint Tenancy

Answer 3

• Equal undivided interest jointly owned
• Survivorship
• Requires four unities to create: time, title, interest, possession