Which of the following are recognized as types of property ownership in Maryland?

In Maryland, the recognized types of property ownership include joint tenancy, tenancy in common, and sole ownership.

Joint tenancy is a form of co-ownership where two or more individuals have equal shares, and it includes the right of survivorship. This means that if one owner dies, their interest in the property passes to the surviving owners, rather than being inherited by heirs.

Tenancy in common allows two or more owners to hold title to a property, with each having a distinct share in the property. Unlike joint tenancy, there is no right of survivorship, meaning that if one owner dies, their share passes to their heirs or as stipulated in their will.

Sole ownership is straightforward, where one individual holds the full title to the property. This type of ownership provides complete control to the owner, including the rights to sell, lease, or develop the property as they see fit.

This combination reflects the fundamental methods through which individuals can hold real estate in Maryland, covering both shared interests among parties and individual ownership. Therefore, this answer accurately encapsulates the types of property ownership recognized within the state.