Which statement about concurrent ownership forms is correct?

• A. Tenancy in common and joint tenancy are concurrent ownership forms.
• B. Fee simple estate is a concurrent ownership form.
• C. Life estate and tenancy in common are concurrent ownership forms.
• D. Joint tenancy is sole ownership with no survivorship.

Answer: (A)

Concurrent ownership means more than one person holds title to the same property at the same time with an undivided right to use it. Tenancy in common and joint tenancy are the classic forms that fit this idea.

Tenancy in common involves co-owners who each have a separately transferable, undivided interest in the property. They can own unequal shares, and there is no right of survivorship—when one owner dies, their share passes to their heirs or by will, not automatically to the others.

Joint tenancy requires four unities—time, title, interest, and possession. Each owner holds an equal undivided share, and there is a right of survivorship: when one joint tenant dies, their interest automatically passes to the surviving joint tenants.

The other options don’t describe concurrent ownership correctly. A fee simple estate is a broad form of ownership duration, and while it can be held by multiple people, the phrase by itself doesn’t define a concurrent ownership arrangement. A life estate is typically held by one person (the life tenant) with future interests for others, so it’s not considered a concurrent form. And joint tenancy does include survivorship, so stating there is no survivorship is incorrect.