We'll begin by introducing the concept of concurrent ownership and the different ways in which individuals can share property, focusing particularly on tenancies in common and joint tenancies. The text highlights the legal significance of the right of survivorship in joint tenancies and the implications of its potential severance.

Moving beyond individual ownership, we'll explore entity property and the implications of separation of ownership from control, particularly with regard to corporations and common interest developments. Examining the consequences of this separation in terms of potential agency costs and the need for legal and market governance mechanisms.

Further, we'll explore community property and separate property systems within marital relationships, with an emphasis on the process of equitable distribution of property upon divorce.

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