Number of Persons Holding an Estate, and the Manner in Which its Held:

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estate in severalty – held by a tenant separately, without any other person being joined or connected in interest.

concurrent estateownership or possession of property by two or more persons at the same time.

  • joint estate (tenancy) – an estate held by two more more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship.
    • tenancy by the entirety – an (tenancy and) estate in land or in personal property that exists between husband and wife; jointly owned with right to survivorship. — aka estate by the entirety; estate by entireties; estate by the entireties; tenancy by the entirety; tenancy by the entireties.
    • estate in partnership – a joint estate that is vested in the members of a partnership when real estate is purchased with partnership funds and for partnership purposes.
  • estate (tenancy) in common – a tenancy by two or more persons, in equal or unequal undivided shares, each person having an equal right to possess the whole property but no right of survivorship.

separate estate – The individual property of one of two persons who stand in a marital or business relationship.  See SEPARATE PROPERTY.

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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