Oro Valley Homes for Sale - Common Ways to Take Title

Community Property with Right of Survivorship -requires a legal marriage between the two owners. Each owner has an one half interest in the property. Spouses cannot sell their interest, and both signatures are required when selling or transferring ownership. Upon death, the deceased owner cannot will their half share of the community property away from their spouse, it passes to the spouse.
Community Property-requires a legal marriage between the two owners. Spouses cannot sell their interest, and both signatures are required when selling or transferring ownership. Upon death, the deceased owner can will their half share of the community property, away from their spouse.
Joint Tenancy with Right of Survivorship-owners need not be married, and there can be multiple parties. Each party holds an equal interest in the property. One owner can sell their share of the property. All owners must sign if the entire property is to be sold or encumbered. On the death of one party, the deceased owner's share is passed to the remaining owners.
Tenancy in Common-owners need not be married, and there can be multiple parties. Each owner holds a fractional interest in the property. Each owner can transfer or sell their ownership to another party. All owners must sign if the entire property is to be sold. Upon death of one owner, the decease's share passes to his or her heirs. 
Consult your attorney for additional help.