{"id":369092,"date":"2016-04-04T10:47:12","date_gmt":"2016-04-04T15:47:12","guid":{"rendered":"https:\/\/ability-fl-prod.internetbrands.com\/ability-law\/realestate\/buying-a-home\/types-of-home-ownership.html"},"modified":"2023-08-28T12:19:10","modified_gmt":"2023-08-28T17:19:10","slug":"types-of-home-ownership","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/buying-a-home\/types-of-home-ownership.html","title":{"rendered":"Types of Homeownership"},"content":{"rendered":"\n
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Types of Homeownership<\/h1>\n
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\n By Melissa McCall, J.D.<\/a> | Legally reviewed by Katrina Wilson, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Buyers should understand the types of real estate ownership when buying a home or starting estate planning. The type of ownership you select will impact your rights throughout your homeownership and beyond.<\/p>\r\n

Do you want sole ownership, or are you open to co-ownership? Do you want an undivided interest in the real property?<\/p>\r\n

This article will explore the different types of property ownership, including fee simple, joint tenancies, and more.<\/p>\r\n

Fee Simple<\/h2>\r\n

Fee simple<\/a> absolute is the most common form of homeownership. This type of ownership has the following features:<\/p>\r\n