Distinction / Difference between Partnership and Co-ownership

No	Co-ownership	Partnership
1.	Co-ownership is not necessarily the result of agreement.	Partnership is the result of agreement.
2.	Co-ownership does not necessarily involve community of profit or of loss.	Partnership does involve community of profit or of loss.
3.	One co-owner can without the consent of others, transfer his interest, or in the case of land his equitable interest, to a stranger, so as to put him in the same position as regards the other owners as the transferor himself was before the transfer, except that in the case of a transfer by a joint tenant the stranger will become a tenant in common, or in the case of land a tenant in common in equity with the other owners.	A Partner is in a much more restricted position.
4.	A co-owner is not as such the agent, real or implied, of the other co-owner.	A partner is the agent of other partners so as far as concerns activities falling within the scope of the partnership,
5.	Before 1926, on the death of a co owner of free-hold land, the equitable as well as the legal interest in share was real estate.	A deceased partner’s equitable interest in his share of partnership free-hold property was and still is treated as personal estate.