Site: nolo.com
... Imagine, for example, that David, Adrienne, and Nettie decide to share a set of tools. ... Here are a few different ownership possibilities:
Sole ownership: David owns all the tools and allows ... a divisible part of the property: Each owns specific tools in the set, but may use the entire set; David ... Each person owns a fractional share of the property: David, Adrienne, and Nettie could each own one third ...