OWNERSHIP OF REAL PROPERTY

OWNERSHIP OF REAL PROPERTY somebody

OWNERSHIP OF REAL PROPERTY

All property has an owner, the government - federal, state, or local— or some private party or entity (typically
referred to as persons). Very broadly, an estate in real property may be owned in the following ways:

1. Sole or several ownership;

2. Joint, common, or community ownership;

a. Tenancy in common;

b. Joint tenancy;

c. Community property; or,

d. Partnership interests.

3. Ownership by other lawfully created entities.

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