The document of title determines the ownership rights of each owner. The document of title may create consecutive interests in the same property. This means the rights of an owner begin after the rights of another owner have ended. Or, the document of title may create concurrent interests, where the rights of each owner occur at the same time. Consecutive interests and concurrent interests may take various forms giving different property rights to the owners.
Sole ownership is the simplest form of property ownership.
One person has all present and future power to use, control, sell or otherwise dispose of the property. If you are sole owner, you may transfer the entire property under the terms of your will. If you do not have a will, your property will be transferred to the people who are entitled to take your property under North Carolina law. You may own a consecutive interest in property. This means your interest either arises before or after the interest of someone else.