A Practice Note providing practical guidance for choosing the form of ownership for New York residential or commercial real property. This Note examines the most common commercial real estate ownership vehicles, including limited liability companies, partnerships, and corporations. This Note also discusses the commonly used residential forms of co-ownership, including tenancy in common, joint tenancy with rights of survivorship, and tenancy by the entirety. This Note also discusses residential investment property and common methods to hold title in more than one owner.