• Tenancy in Common

Tenants in common may have uneven shares and various ownership interests, but no owner may assert ownership over a particular region of the property. Tenant C may hold 50% of the property, while Tenant A and Tenant B may both own 25%. Tenancies in common can also be acquired at various dates, meaning that a person may acquire a stake in the property years after one or more other people have done so.

• Joint Tenancy

Conversely, joint tenants must simultaneously acquire equal parts of the property through the same deed. The deed, title, or other legally enforceable property ownership document specifies the conditions of either a joint tenancy or tenancy in common.