Paul and Diana are married and own a home.Both of their names are on the mortgage.This is an example of

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A concurrent estate is when two or more people own a property at the same time. In this case, Paul and Diana both own the home and are responsible for the mortgage, making it a concurrent estate. A tenancy in kind refers to a type of joint tenancy where each owner has a separate, distinct share of the property. A tenancy at will is a type of lease that allows the tenant to remain in a property as long as the landlord allows. A shared estate is not a recognized legal term.

Paul and Diana Are Married and Own a Home