L. tenancy
Mode or method of ownership or holding title to property
N. title vesting
Evidence that the owner of land is in lawful possession; it is the
proof
of ownership
K. severalty
Ownership of a parcel of real property by only one person or entity
O. undivided interest
Interest held under the same title by two or more people or entities,
whether their rights are equal or unequal in value or quantity
M. tenancy in common
Ownership by two or more persons, whose interests are not necessarily
equal, in a single estate
H. joint tenancy
Form of concurrent ownership providing for automatic survivorship to
the
other cotenants upon death
B. community property
Form of concurrent property ownership that exists only between spouses
J. quasi-community property
Property acquired outside of California that would be community
property
if acquired in California
F. general partnership
Business entity established by two or more individuals or businesses,
which
join to operate a business for profit
E. corporation
Legal entity viewed as a legal person (has rights) but not a natural
person
(has body)
A. CID
Project combining individual ownership of private dwellings with an
interest in common with other owners
I. PD
Community of clustered single-family detached residences, townhouses,
garden apartments, and other types of residences, with ample
open
space, community recreational facilities, and sometimes
local shopping
and employment centers
C. condominium
Undivided interest in common in a portion of real property coupled
with
a separate interest in space called a unit
D. cooperative
Form of CID in which a corporation holds title to all of the real
property
and owners purchase shares of stock in that corporation
G. interval ownership
Timeshare ownerships