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Tenancy

  • Joint tenancy – equal ownership of property by two or more parties, each with the right of survivorship.tenancy by the entireties – ownership of property only between husband and wife in which neither can sell without the consent of the other and the property is owned by the survivor in the event of death of either party.
  • Tenancy in common – equal ownership of property by two or more parties without the right of survivorship.
  • Tenancy in severalty – ownership of property by one legal entity or a sole party.
  • Tenancy at will – a license to use or occupy a property at the will of the owner.
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