When talking about property ownership, there are two ways you can own property: by yourself or with somebody else.
When you own a property by yourself it’s called ownership in severalty, while owning property with others is considered a concurrent estate.
The two types of concurrent ownership that come up most often on the real estate exam are joint tenancy and tenancy in common. So let’s take a closer look at how these two forms of concurrent property ownership are the same, and how they’re different.
Subscribe to our channel to get notified of new videos!
Serious about passing your real estate exam? Sign up with PrepAgent to get more videos, thousands of interactive exam questions with explanations, 5x a week live webinars, and so much more! Use this link to get 25% off:
https://www.prepagent.com/sign-up?code=youtube
Follow us on social media:
https://www.facebook.com/PrepAgent/
https://twitter.com/prep_agent
https://www.instagram.com/prep_agent/
Join our free private Facebook group to get help from others taking the exam:
https://www.facebook.com/groups/prepagent/
source
