1. Ownership Lesson Two

2. Learning Objectives Understand Ownership Interests in Real Property.
Know Forms of Ownership.

3. Interests in Real Property
Fee Simple Absolute Estate
Fee Simple Conditional
Life Estates

4. Forms of Ownership Ownership in Severalty
Tenancy in Common (Inherited)
Joint Tenancy
(Right of Survivorship)

5. Tenancy in Common (Inherited)
Strawberry Farm
Joint Tenancy Survivorship
Strawberry Factory

6. Husband & Wife Poor Man’s Will
(Joint Tenancy)
(Survivorship)
Poor Man’s Will

7. Child + Wife (Tenancy in Common)
Husband & Wife
(Joint Tenancy)
Child + Wife
(Tenancy in Common)

8. Community Property Tenancy by the Entirety
Owning in Marriage
Community Property
Tenancy by the Entirety