| | Tenancy in Common | Joint Tenancy | Community Property | Tenancy in Partnership |
Parties | Any number of persons (can be husband and wife) | Any number of persons (can be husband and wife) | Only husband and wife | Only partners (any number) |
Division | Ownership can be divided into any number of interests equal or unequal | Ownership interest must be equal | Ownership interests are equal | Ownership interests are in relation to interest in partnership |
Title | Each co-owner has a separate legal title to his undivided interest | There is only one title to the whole property | There is only one title but each co-owner has a separate interest | Each co-owner's interest is owned in partnership for partnership's purposes |
Conveyance | Each co-owner's interest may be conveyed separately by its owner | A conveyance by one of the joint tenants alone breaks the joint tenancy between his interest and the others but does not affect the constitution of the joint tenancy between the interests of any two or more other joint tenants | Interests cannot be conveyed separately. Both co-owners must join in conveyance of real property. Either co-owner can transfer personal property (certain important exceptions) | Partners individual interests in specific property cannot be conveyed separately. Any authorized partner can convey the whole partnership title |
Purchaser's Status | Purchaser will become a tenant in common with the other co-owners in the property | Purchaser will become a tenant in common with the other co-owners in the property | Purchaser cannot acquire one co-owner's interest and hold as community property with the other | Purchaser can only acquire the whole title if he becomes a partner |
Death | On co-owner's death his interest passes to his devisees under his will, or to his heirs. No survivorship right | On co-owner's death, his interest ends and cannot be disposed of by will. Survivor owns the property by right of survivorship | On co-owners death, 1/2 belongs to survivor in severalty, 1/2 goes by will to descendant's devices or by succession to survivor | On partner's death his interest in specific partnership property vests in the surviving partners. The value realized out of its liquidation is accounted for to his estate |
Successor's Status | Devisees or heirs become tenants in common | Last survivor owns property in severalty | If passing by will, tenancy in common between devisee and survivor results | Devisees or heirs have no rights in specific partnership property |
