This document discusses various types of property ownership including ownership in severalty, concurrent ownership through tenancy in common, joint tenancy, and community property. It also covers business ownership structures like sole proprietorships, partnerships, corporations, and limited liability companies. Finally, it examines other undivided ownership interests such as common interest developments, condominiums, cooperatives, planned unit developments, and timeshares.

2. Ownership in Severalty

3. 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
 Trust Ownership

4. Business Ownership
 Sole Proprietorship
 Partnership
› General Partnership
› Limited Partnership
 Corporation
› “S” Corporations
 Limited Liability Companies

5. Other Undivided Ownership Interests
 Common Interest Developments
› Condominiums
› Cooperatives
› Planned Unit Developments
 Timeshares
› Structure of Timeshares
› The Texas Timeshare Act