What Are The Main Types Of Property Ownership?

Forms of Property Ownership

  • Sole Ownership. Sole ownership occurs when a single person owns a complete interest in a property or asset.
  • Joint Tenancy.
  • Joint Tenancy With Rights of Survivorship (JTWROS)
  • Tenancy in Common.
  • Community Property.

What are the different types of property ownership?

The different types of real estate title are joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property. Other, less common types of property ownership are corporate ownership, partnership ownership, and trust ownership.

What are the three main types of property?

In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property).

How many types of property are there?

Four Types of Real Estate

The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.

What is house ownership?

Owner-occupancy or home-ownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. This home can be house, apartment, condominium, or a housing cooperative.