Joint Tenancy & Tenancy in Common: What's the Difference? Animated Real Estate Exam Concepts

When talking about property ownership, there are two ways you can own property: by yourself or with somebody else.

When you own a property by yourself it’s called ownership in severalty, while owning property with others is considered a concurrent estate.

The two types of concurrent ownership that come up most often on the real estate exam are joint tenancy and tenancy in common. So let’s take a closer look at how these two forms of concurrent property ownership are the same, and how they’re different.

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This is by far the most confusing part for me. I’ve watched this video multiple times and still can’t come up with a simple way to quickly determine the difference between TIC and JT.

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