What is a characteristic of concurrent ownership?

Concurrent ownership is defined as a form of property ownership where two or more individuals hold title to the same property simultaneously. This type of ownership allows for shared rights and responsibilities among the owners, which can take various forms, such as joint tenancy, tenancy in common, or tenancy by the entirety, depending on the specific legal stipulations and intentions of the parties involved.

Ownership by a single person indicates sole proprietorship, which is not a characteristic of concurrent ownership. Ownership requiring unequal shares might pertain to specific forms of concurrent ownership structures, like tenancy in common, but it does not define concurrent ownership as a whole. Ownership that cannot be inherited contradicts the nature of concurrent ownership, particularly in the case of joint tenancy where rights of survivorship allow for property to pass automatically to the surviving co-owners upon death. Therefore, ownership by two or more persons effectively encapsulates the essence of concurrent ownership, making it the correct choice.