What are the Different Ways To Title Residential Or Commercial Property? Residential or commercial property can be titled in a number of various ways. The 5 most common methods of titling residential or commercial property are as follows: • Fee simple; • Tenancy in common; • Joint tenancy; • Tenancy in the totality; and • Community residential or commercial property. Each of these ways of titling residential or commercial property differ from the others in 3 key methods: • The amount of control the title owner possesses over the residential or commercial property while alive; • The extent to which the owner is lawfully entitled to leave the residential or commercial property to others upon his/her death; and • The level to which lenders of the owner can make claims against the residential or commercial property. Fee easy ownership exists when there is only one title owner. If you own residential or commercial property that is titled entirely in your name you have overall legal control over it. This allows you to do with it whatever you want without anybody else's authorization. You are totally free to retain, sell, or give the residential or commercial property away whenever wanted. You likewise may say who will receive the residential or commercial property after your death. Finally, given that just your specific legal rights are involved, any financial institution of yours can make a claim versus any of your cost easy residential or commercial property to satisfy a debt. Tenancy in typical ownership exists when two or more title owners hold the residential or commercial property together as tenants in common. If you own tenancy in common residential or commercial property, you share legal control of it with others. For instance, if you and another person own residential or commercial property as tenants in typical, and you both own equivalent shares, you each own a fifty percent interest in it.