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Ways of Holding Title

	Tenancy in Common	Joint Tenancy	Community Property
Parties	Any number of persons (can be husband and wife)	Any number of persons (can be husband and wife)	Only husband and wife
Division	Ownership can be divided into any number of interests equal or unequal	Ownership interests must be equal	Ownership and managerial interests are equal except control of business is solely with managing spouse
Title	Each co-owner has a separate legal title to his undivided interest	There is only one title to the entire property	Title is the "community."  Each interest is separate but management is unified
Possession	Equal right of possession	Equal right of possession	Both co-owners have equal management and control
Conveyance	Each co-owner's interest may be conveyed separately by its owner	Conveyance by one co-owner without the others breaks his joint tenancy	Personal properties (except "necessaries") may be conveyed for valuable consideration without consent of other spouse
Purchaser's Status	Purchaser will become a tenant in common with the other co-owners	Purchaser will become a tenant in common with the other co-owners	Purchaser can only acquire whole title of community, not a part of it
Death	On co-owner's death his interest passes by will to his devisees or his heirs	On co-owner's death his interest ends and cannot be disposed of by will.	On co-owner's death half belongs to survivor in severalty.  Half goes by will to descendants or devisees or by succession to survivor
Successor's Status	Devisees or heirs become tenants in common	Last survivor owns property in serveralty	If passing by will tenancy in common between devisee and survivor results
Creditor's Rights	Co-owner's interest may be sold on execution sale to satisfy his creditors.  Creditor becomes a tenant in common	Co-owner's interest may be sold on execution sale to satisfy his creditors.  Joint tenancy is broken, creditor becomes tenant in common	Property of community is liable for contracts of either spouse which are made after marriage and prior to or after January 1, 1975.  Co-owner's interest can't be sold on execution to satisfy creditor
Presumption	Favored in doubtful cases except husband and wife	Must be expressly stated	Strong presumption that property acquired by husband and wife is community

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