Which situation describes a tenancy created when a person has wrongful possession of real property?

The situation described is accurately identified as a tenancy at sufferance. This type of tenancy occurs when a tenant remains in possession of real property after their lease has expired, without the landlord's permission. Essentially, the tenant is occupying the property without legal right, having transgressed the original terms of their lease agreement.

In this context, it’s crucial to recognize that tenancy at sufferance is different from other forms of tenancy. For example, a tenancy at will is a more flexible agreement where either party can terminate the tenancy at any time with appropriate notice, and it is typically established by mutual consent. Joint tenancy and concurrent estates refer to ownership structures where two or more individuals hold an interest in the same property, which does not relate to wrongful possession or tenancy.

Thus, tenancy at sufferance specifically addresses the wrongful retention of property, emphasizing the tenant's continued occupation after the legal right has lapsed, making it the correct choice for this scenario.