Most real estate property owners hold their title in one of three ways: sole ownership, tenants-in-common or joint tenants. Sole ownership is when there is one property owner and their interest in the property is transferred to their heirs according to the provisions in their Will when they die. Tenants-in-common is when two or more people hold the property title. Each owner’s interest in the property may not be equal but each tenant-in-common has an “undivided interest” in the property. Any of the tenants-in-common may sell their interest in the property to a third party without the consent of the other owners and when one of the tenants-in-common die, their interest in the property is passed to their heirs according to their Will. Joint tenants is the most common form of ownership for married couples, but joint tenants do not have to be married. In a joint tenant arrangement the tenants have automatic right of survivorship, so when one tenant dies their interest in the property automatically transfers to the other tenant.