Concurrent estate

In property law, a concurrent estate, also called a co-tenancy, describes an arrangement in which more than one person holds ownership of property at the same time, with real estate co-owners known as co-tenants or, where a right of survivorship applies, joint tenants. Most common law jurisdictions recognize both tenancy in common, which carries no survivorship right, and joint tenancy, which does, and many jurisdictions also allow tenancy by the entirety as a form of joint tenancy available specifically to married couples. The form of co-ownership determines what happens to an owner's interest at death and how far that interest can be passed on by will, though a joint tenant can generally change the arrangement by severing it through a transfer of their interest. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/