What are the four types of ownership in real property?

The correct choice identifies the recognized forms of ownership in real property, which are fundamental concepts in property law. Sole ownership reflects a situation where a single individual holds title to the property, providing full control and responsibility. Joint tenancy is a form of co-ownership that includes the right of survivorship, meaning if one owner passes away, their share automatically transfers to the surviving owner(s). Tenancy in common allows two or more individuals to own property jointly, where each owns a specific share that can be independently transferred or inherited. Community property presupposes that all property acquired during a marriage (except for gifts or inheritances) is owned equally by both spouses, thus necessitating agreements on its division.

The other options misunderstand or misrepresent typical property ownership arrangements. For instance, leasehold, rental, and option refer to various rights related to using property rather than styles of ownership itself. Similarly, while tenancy at will and easement are important concepts, they are not ownership categories; instead, one is a rental arrangement and the other is a property right that allows use of land for a specific purpose. Individual, partnership, and cooperative ownership are vague and do not accurately encompass standardized forms of real property ownership as recognized in legal frameworks, particularly within Louisiana's property