Which of the following options represents an example of joint ownership of real estate?

Joint ownership of real estate refers to a situation where two or more individuals share ownership rights in a property. Tenancy in common exemplifies this concept, as it allows multiple owners to hold an undivided interest in the property. Each tenant in common can own a different percentage of the property and has the right to possess and use the entire property, regardless of their ownership share. Additionally, when one owner passes away, their share can be inherited by their heirs rather than transferring to the other co-owners, which distinguishes it from other forms of joint ownership.

In contrast, sole ownership refers to a situation where one individual holds full ownership rights to a property, which does not qualify as joint ownership. A leasehold estate pertains to the rights of a tenant to use a property owned by another, and a life estate grants ownership for the duration of an individual's life, typically reverting to another party after their death. Neither leasehold estates nor life estates signify joint ownership as they do not involve multiple parties holding ownership rights simultaneously.