Which of the following is NOT a type of concurrent ownership?

Concurrent ownership refers to a situation where two or more individuals hold title to the same property simultaneously. The types typically include tenancy in common and joint tenancy, both of which involve shared ownership with specific rights and obligations among the co-owners.

A leasehold estate, on the other hand, represents a property interest where one party has the right to use and occupy land or property owned by another party for a specified duration. This arrangement does not imply shared ownership; instead, it indicates a landlord-tenant relationship where the tenant’s rights are confined to the terms set forth in the lease agreement. Since a leasehold estate does not encompass the notion of multiple individuals possessing an ownership interest at the same time, it is classified differently from concurrent ownership types.

Thus, the identification of a leasehold estate as not being a type of concurrent ownership is accurate, as it does not involve joint ownership, which is the defining characteristic of concurrent ownership structures.