Which of the following is NOT a main type of property ownership?

Time-share ownership is not considered one of the main types of property ownership in the context of traditional real estate ownership structures. Traditional ownership types primarily focus on how individuals own property and how that ownership can be shared or divided among multiple parties. Sole ownership, joint tenancy, and tenancy in common are all foundational concepts dealing with property rights and legal title.

Sole ownership refers to an individual holding full rights to the property, while joint tenancy involves multiple owners sharing equal rights with a right of survivorship, which means that if one owner dies, their interest automatically goes to the surviving owners. Tenancy in common allows for multiple owners who can hold unequal shares and have the right to transfer their share independently.

Time-share ownership, in contrast, is a unique arrangement that grants multiple individuals the right to use a property, typically for vacation purposes, but does not represent a traditional method of holding or sharing title to real estate. Time-shares are structured differently than the main types of ownership, focusing more on usage time rather than undivided interests or rights of ownership. This distinction is critical to understanding property ownership in real estate.