The property interest is divided equally in both joint tenancy and tenancy in common.

Question

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Forms of concurrent ownership include the joint tenancy and the tenancy in common. In both of these forms of ownership, the property interest is undivided, but the tenants in common can own different shares of the resource (e.g., two-thirds and one-third), whereas the joint tenants must have equal ownership shares (e.g., one-half and one-half).

The Property Interest Is Divided Equally in Both Joint Tenancy