Differences in between Joint Tenants with Survivorship and Tenants In Common This short article has been written and examined for legal accuracy, clearness, and design by FindLaw's group of legal authors and attorneys and in accordance with our editorial requirements. Fact-Checked The last updated date describes the last time this short article was evaluated by FindLaw or one of our contributing authors. We strive to keep our articles updated. For information regarding a specific legal concern affecting you, please call a lawyer in your area. Residential or commercial property can be owned separately (sole ownership) or jointly (joint or common ownership). Most of the times, joint owners can be either co-tenants in common or joint renters with the right of survivorship. You can own residential or commercial property individually (sole ownership) or jointly (joint or typical ownership). Most of the times, there are two ways to hold title with others. Joint owners can be one of either: - Co-tenants in common - Joint occupants with the right of survivorship The main differences in between these joint ownership types are: - How they emerge - How they are destroyed - How the subject residential or commercial property can be divided and sold Continue reading to check out these distinctions in greater information. What Is an Undivided Interest? Before going over specific kinds of joint ownership, it's practical to unpack the legal meaning of an undistracted interest. When 2 or more people own genuine estate, each private owns a share (interest) of the whole residential or commercial property. Each owner's interest is stated to be concentrated. Each owner has a right to utilize the entire physical residential or commercial property even though their abstract right to the residential or commercial property is portioned out amongst them.