There are several ways in which multiple can jointly own property. Each method holds its own regulations and in turn, its own set of advantages and disadvantages for every individual. Jointly held property often seems to be a simple and advantageous endeavor, however it can easily become very complicated. Financial stability can never be guaranteed. This can be avoided by setting up the specific type of joint tenancy that allows an individual to mortgage only their share of the property. This cannot always be achieved. Jointly held property for married couples is very common and useful. When one spouse dies, the property is left to the other free of tax.