· Sole Owner
One who holds possession to land with no one else.
· Tenants in Common
Two or more people who hold land together, with equally divided interest between them, or a designated percentage interest between them (for example, 60% to 40%). Upon the death of an owner, shares pass to the owner's heirs.
· Joint Tenants with the Full Common Law Right of Survivorship
Two or more people holding land together with one interest between them all. In the case of the death of one owner, the surviving owner(s) will own the land. The decedent's interest in the property passes to the surviving owners as a matter of law and does not pass to their heirs.