Individual is sole owner of property

• A. Tenancy in Common
• B. Lis Pendens
• C. Concurrent Ownership
• D. Sole Ownership

Answer: (D)

Owning property in one name is sole ownership. This means a single person holds the title and has full control, with no co-owners sharing rights or interests. The other terms describe situations with more than one owner: tenancy in common is a form of co-ownership where each owner has an undivided interest that can be unequal and lacks survivorship; concurrent ownership is a broad category referring to any multiple-owner scenario (including joint tenancy or tenancy in common); lis pendens is a notice of a pending lawsuit affecting the property’s title, not a description of who owns it. So, when the property is held by an individual, the correct concept is sole ownership.