Which type of ownership can be created by the same or different deeds with equal or unequal shares?

Tenancy in common is a form of ownership where two or more individuals hold title to a property simultaneously, allowing for equal or unequal shares as specified in the deeds. This flexibility in ownership percentages is a key feature of tenancy in common, making it distinct from other forms of ownership.

In this arrangement, each co-owner, or tenant in common, has the right to sell or transfer their share independently without the consent of the other co-owners. Additionally, there is no right of survivorship in tenancy in common, meaning that if one co-owner passes away, their share can be inherited by their heirs rather than automatically transferring to the surviving co-owners.

Unlike tenancy in common, joint tenancy requires equal ownership shares and includes a right of survivorship, which dictates that when one co-owner dies, their share is distributed equally among the surviving co-owners. Tenancy by entirety is a form exclusive to married couples, providing rights of survivorship and requires that ownership be equal. A leasehold estate represents a tenant's temporary right to occupy premises and does not pertain to ownership of the property itself.

Hence, tenancy in common clearly supports the concept of ownership through either equal or unequal shares, confirming that it is the correct answer to the question.