Julian Real Estate - Harry Reese

	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 interests must be equal	Ownership and managerial interests are equal except control of business is solely with managing spouse	Ownership interest is 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	Title is in the "community." Each interest is separate but management is unified.	Title is in the "partnership"
Possession	Equal right of possession	Equal right of possession	Both co-owners have equal management and control	Equal right of possession but only for partnership purposes
Conveyance	Each co-owner's interest may be conveyed separately by its owner	Conveyance by one co-owner without the others break his joint tenancy	Personal property (except "necessaries") may be conveyed for valuable consideration without consent of other spouse; real property requires written consent of other spouse, and separate interest cannot be conveyed except upon death	Any authorized partner may convey whole partnership property. No partner may sell his interest in the partnership without the consent of his co-partners
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 can only acquire whole title of community; cannot acquire a part of it	Purchaser can only acquire the whole title
Death	On co-owner's death his interest passes by will to his devisees or 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 survivorship	On co-owner's death 1/2 belongs to survivor in severalty. 1/2 goes by will to decedent's devisees or by succession to survivor	On partner's death, his partnership interest passes to the surviving partner pending liquidation of the partnership. Share of deceased partner then goes 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	Heirs or devisees have rights in partnership interest but no specific property
Creditor's Rights	Co-owner's interest may be sold on execution sale to satisfy his creditor. Creditor becomes a tenant in common	Co-owner's interest may be sold on execution to satisfy creditor. Joint tenancy is broken, creditor becomes tenant in common	Property of community is liable for contracts of either spouse which are made after marriage and prior to or after 1/1/75. Co-owner's interest can't be sold separately; whole property may be sold on execution to satisfy creditor	Partner's interest cannot be seized or sold separately by his personal creditor but his share of profits may be obtained by a personal creditor. Whole property may be sold in execution sale to satisfy partnership creditor
Presumption	Favored in doubtful cases except husband and wife case	Must be expressly stated. Not favored	Strong presumption that property acquired by husband and wife is community	Arises only by virtue of partnership status in property placed in partnership