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EPISODE SUMMARY
Concurrent ownership exists when two or more people hold present interests in the same property. A tenancy in common is the default modern form. Each tenant in common has an undivided right to possess the whole and a separate fractional share. There is no right of survivorship, and each share is transferable, devisable, and descendible.A joint tenancy includes a right of survivorship. Traditionally, it required the four unities of time, title, interest, and possession. Severance destroys survivorship as to the severed share and usually creates a tenancy in common. Conveyance by a joint tenant severs. A mortgage may sever in title-theory jurisdictions but usually does not sever in lien-theory jurisdictions.Tenancy by the entirety is a marital estate recognized in some jurisdictions. It includes survivorship and often cannot be severed unilaterally by one spouse. Creditor rights vary.Co-tenants each have the right to possess the whole. A co-tenant in possession generally does not owe rent absent ouster, agreement, or special circumstances. Co-tenants must account for rents from third parties and may seek contribution for necessary expenses. Partition ends co-ownership through physical division or sale.A lease creates both a contract and a property interest. The tenant receives present possession; the landlord retains a reversion. The main leasehold estates are term of years, periodic tenancy, tenancy at will, and tenancy at sufferance.The landlord’s duty to deliver possession may follow the English rule, requiring actual possession, or the American rule, requiring only legal possession. Modern law often favors actual delivery.Assignments and subleases transfer leasehold interests. An assignment transfers the entire remaining lease term and creates privity of estate between landlord and assignee. The original tenant remains liable on privity of contract unless released. A sublease transfers less than the entire remaining term; the subtenant usually lacks privity with the landlord.Tenants must pay rent, avoid waste, and comply with lease duties. Landlords must respect quiet enjoyment and, in residential leases, the implied warranty of habitability. Constructive eviction may occur when landlord interference substantially deprives the tenant of use and enjoyment and the tenant vacates within a reasonable time. The implied warranty of habitability requires premises fit for basic human habitation. Retaliatory eviction rules protect tenants who assert legal rights.The key lesson is that Property divides rights. A strong answer identifies each person’s estate, possession, transfer rights, duties, remedies, and priority within the same bundle of property interests.