This module explains why mineral estates may have a large number of joint owners. There are different ways a mineral estate can be divided when owned by multiple parties, so, this module breaks down each way into easy to understand descriptions. It describes how undivided mineral estates work. How concurrent joint ownership is implemented and its three types: tenancy in common, joint tenancy, and tenancy by the entirety. It also covers successive joint ownership, including life estates and others.

Duration: Approximately 25 minutes, depending on user pace.

Learning Objectives: Upon successful completion of this module, you will be able to:

• Define undivided joint ownership
• Explain why mineral estates are often jointly owned
• Name types of joint ownership
• Identify key differences in joint ownership types
• Explain current versus successive joint ownership
• Discuss joint ownership implications on leasing

Prerequisites: Module 1-3

Advance Preparation: None

Program Level: Non-technical

Format: Prerecorded narrator with supporting visuals. User controls course pace.