Tenancy by the Entirety:  This is the most common way married couples take title of property in Florida.  The title is held in both spouses name and each have equal possession and ownership rights to the property. There are several protections, when taking title in this manner.  For one, it requires both spouses signatures, when transferring or selling the property.  Neither spouse can sign over or sell their rights to the property, without the consent of the other.  It also protects the asset, in case one of the two spouses is sued by a creditor. In case of the death of one of the spouses, the surviving spouse acquires 100% ownership of the property.  This form of taking title, also protects the other spouse from unknowingly losing their ownership rights, in case one of the spouses sell the property without the consent or knowledge of the other.

Sole Ownership: Is available to unmarried people, those who are legally divorced and married people who wish to hold the property in their own names.  However, if the buyer is a married person and wishes to take title in his or her own name and the property benefits from a homestead exemption, in Florida homestead laws require the other spouse to sign the deed for the transfer or otherwise formally relinquish rights to the property. 

Joint Ownership as Tenants in Common: In this type of ownership, any number of individuals can hold title under Joint Ownership as Tenants in Common with the share of the property, depending on the person's financial contribution, to the purchase. Also, in this form of ownership, each owner has the right to sell, lease or bequeath (give away at death) their interest in the property to his or her legal heirs.