Joint Tenancy – equal ownership of property by two or more parties, each with the right of survivorship.
Tenants by the Entirety – ownership of property only between a husband and wife in which the property is owned by the survivor in the event of death of either party.
Tenants in Common – ownership of property by two or more parties without the right of survivorship. If percentage of ownership is not stated it is presumed to be equal.
Tenancy in Severalty – ownership of property by one legal entity or a sole party.
Tenancy at Will – a license to use or occupy a property at the will of the owner.