Which ownership structure provides equal shares of undivided rights of possession?

The ownership structure that provides equal shares of undivided rights of possession is joint tenancy. In a joint tenancy, each co-owner holds an equal interest in the property, meaning that they have an identical share in the possession, use, and enjoyment of the entire property rather than any specific or defined portion. This characteristic of joint tenancy includes the right of survivorship, which means that when one joint tenant passes away, their share automatically transfers to the remaining joint tenants, rather than being distributed according to the deceased's will or state inheritance laws.

This structure promotes equal treatment among co-owners and ensures that all parties have equal say and right to access the property, reinforcing the concept of undivided possession. Other options do not have this specific characteristic of equal undivided shares. For example, a joint venture typically involves a specific business project and does not inherently relate to equal shares of property ownership. A general partnership might share profits and losses equally but does not guarantee equal possession rights in property. A freehold estate refers to a type of real property ownership but does not address the division of ownership interests among multiple parties.