Here are most common ways to hold title to a property:
Severalty â€“ one person on title.
Joint Tenants with Right of Survivorship - each person owns an equal share and if one party dies, title transfers to the survivor, regardless of what a will may specify.
Tenants in Common - if one party dies, unless the surviving party is named in the will, the decedent's interest passes to heirs. Tenants in common share one unity - the right of possession. All tenants in common have the right to occupy the property, and neither party can exclude the other.