Ownership held by two or more individuals is referred to as?

Ownership held by two or more individuals is referred to as co-ownership. This concept signifies a property ownership structure where multiple parties share rights and responsibilities regarding the property. Co-ownership can take several forms, such as joint tenancy, tenancy in common, or tenancy by the entirety, each of which has unique characteristics regarding how ownership interests are held and transferred.

In co-ownership, all parties typically have an equal or specified share in the property and can benefit from the use and any appreciation in value. This type of ownership is critical in various scenarios, such as partnerships in real estate investments, family-owned properties, or situations where friends or relatives may decide to jointly purchase a home.

The other options refer to different ownership structures or concepts. Sole ownership indicates that a single individual holds full ownership rights, while fractional ownership typically pertains to shared access or financial interest, often in vacation properties or timeshares, rather than legal ownership in the traditional sense. Contractual ownership usually relates to property rights defined by contract rather than shared rights of ownership. Therefore, co-ownership is the most accurate and relevant term for describing ownership held by two or more individuals in the context of this question.