2. Ownership in Severalty
Concurrent Ownership
Tenancy in Common
› Requirements for a Tenancy in Common
› Rights and Responsibilities
› Transferring Ownership
Joint Tenancy
› Unities of Joint Tenancy
› Rights and Responsibilities
Community Property
› Basic Principles
› Property Excluded from Community Property Treatment
› Requirement for a Valid Marriage
› Transferring Ownership
3. Business Ownership
Sole Proprietorship
Partnership
› General Partnership
› Limited Partnership
Corporation
› “S” Corporations
Limited Liability Companies
4. Other Undivided Ownership Interests
Common Interest Developments
› Condominiums
› Cooperatives
› Planned Unit Developments
Timeshares
› Structure of Timeshares
› The Texas Timeshare Act
