In which type of ownership does one co-owner have the right to transfer their interest?

The type of ownership where one co-owner has the right to transfer their interest is classified as tenancy in common. In this arrangement, each co-owner holds a distinct share of the property, which is not necessarily equal, and has the ability to sell or transfer their share without needing the consent of the other co-owners. This flexibility allows for individual ownership rights, making it easier for a co-owner to engage in transactions involving their interest in the property.

In contrast, joint tenancy involves a right of survivorship that restricts the ability to transfer interest independently, requiring all co-owners to agree on any transfer. Community property primarily pertains to marital property rights and typically does not allow for one spouse to transfer their interest without the other spouse's consent. A partnership refers to a business arrangement and does not directly represent real property ownership with individual transfer rights in the same manner as tenancy in common.