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Tenancy structures define how property rights are distributed among multiple owners. The deed must clearly indicate the type of tenancy, which affects legal rights, survivorship, and property division in cases of sale or inheritance. Common forms of tenancy include: Joint Tenancy: Ownership is equally shared among two or more parties, with the right of survivorship, meaning that if one owner passes away, their interest automatically transfers to the surviving co-owner(s). Tenancy in Common: Each owner holds an individual, divisible interest in the property, which does not automatically transfer upon death. Instead, it passes to heirs or beneficiaries. Tenancy by the Entirety: A specialized form of joint ownership reserved for married couples, offering protection against individual creditors. Understanding the type of tenancy is crucial in determining rights of occupancy, transfer, and the legal implications that follow an owner’s passing or sale of their interest. 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/46205357...