Two or more people can own land or property either as a joint tenants or tenants in common.
In Tenancy in Common the owners have a specific share of the land or property. It may be 50% each, 25% or whatever share. Tenants in common can individually sell their interest in the property or land. That means that owner Y sell his 50% interest while owner Z remains with their 50%.
If owner Y dies his portion can be inherited by his beneficiary while owner Z would continue to own her portion of the property.
Conclusion
On the other hand, in Joint Tenancy the owners have equal shares and rights over the property at the same time. Y cannot sell his part and if Y dies his whole share goes to Z.
Each kind of tenancy has many pros and cons.
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