most common type of co ownership
If you own a property with someone else, it is important to know the details of the title under which you own it as this can affect your capacity to sell, rent or mortgage the property. The two most common types of co-ownership of real property (that is land and buildings) are joint tenancies and tenancies-in-common. Joint tenancy is distinguished by the four unities: 4. time. Unity of Possession means that each of the co-owners has an equal right to possession of the entire property.