It is a Joint Tenancy form of concurrent ownership.
Joint tenancy is a type of shared ownership of property, where each and every owner has an undivided interest in the property.
This type of ownership provides a right of survivorship to the partners , which means that when one owner dies, the other owners hold the interest of the deceased owner.
Basically, it is a legal agreement in which two or more people own a property together with equal rights.
Learn more about the joint tenancy here:-
https://brainly.com/question/14501662
#SPJ1