Escrow & Title
In South Carolina, 'concurrent ownership' means:
ATwo properties owned by the same person
BOwnership of a single property by two or more persons simultaneously✓ Correct
COwnership that passes from parent to child
DOwnership subject to a life estate
Explanation
Concurrent ownership (co-ownership) means two or more persons hold title to a single property at the same time. Forms include tenancy in common, joint tenancy, and tenancy by the entirety in South Carolina.
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