Which of the following is not a type of property ownership?

Common Tenancy is not recognized as a formal type of property ownership within real estate terminology. The other options—Sole Ownership, Joint Tenancy, and Tenancy in Common—are well-defined forms of property ownership.

Sole Ownership refers to property that is owned by a single individual, giving that owner complete control and rights over the property. Joint Tenancy involves two or more owners who hold equal shares of the property and a right of survivorship, meaning if one owner dies, their share automatically passes to the surviving owners. Tenancy in Common allows two or more individuals to hold property simultaneously, but unlike Joint Tenancy, each owner has an individual share that does not automatically transfer upon death.

Recognizing common terminology in real estate is essential, and understanding the distinctions between these forms of ownership helps clarify the rights and responsibilities that come with each type.