Concurrent Estate – ownership or possession of property by two or more persons at the same time

concurrent estate:
(18c)

1. Ownership or possession of property by two or more persons at the same time.  *  In modern practice, there are three types of concurrent estates: tenancy in common, joint tenancy, and tenancy by the entirety. — aka concurrent interest. [1]

     Excerpt from Thomas F. Bergin & Paul G. Haskell’s Preface to Estates in Land and Future Interests (2d ed. 1 84):

     “A concurrent estate is simply an estate whether present or future, defeasible or non-defeasible, in fee simple, in tail, for life, or for years that is owned by two or more persons at the same time. 0 transfers ‘to A and B and their heirs.’ A and B own a present concurrent estate in fee simple absolute. [2]

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Thomas F. Bergin & Paul G. Haskell, Preface to Estates in Land and Future Interests 53 (2d ed. 1 84).

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