What is the term for the ownership of property by more than one person in Louisiana?

In Louisiana, the term that best describes the ownership of property by more than one person is co-ownership. This legal concept encompasses several forms of ownership arrangements where multiple parties hold rights in a piece of property. Co-ownership can take various forms, including joint ownership, where specific rights and responsibilities are shared, but it is fundamentally about the shared nature of the ownership itself.

Joint tenancy, while a relevant concept in other jurisdictions, is not strictly used in Louisiana law. The civil law system in Louisiana recognizes co-ownership without the specific legal intricacies and terminologies found in common law systems. Similarly, leasehold and tenancy at sufferance refer to different forms of property rights and possession rather than co-ownership. Therefore, co-ownership is the most accurate term to describe the shared ownership of property in the context of Louisiana law.