Distinguish between the two (2) terms of personal property and real property, and give one (1) example of each.

From the Virtual Law Office video, imagine that you work as a paralegal for a mid-sized law office. Your clients are buying a new home. They live together, but have not decided to marry in the foreseeable future. Explain to them the main different forms of property ownership for real estate. Next, discuss the fundamental advantages and disadvantages of each form of property ownership in order for them to make a decision concerning the right form of property to buy for their unique situation.