Which form of co-ownership includes a right of survivorship?

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Multiple Choice

Which form of co-ownership includes a right of survivorship?

The right of survivorship is a defining feature of joint tenancies. In a joint tenancy, all owners hold the property together with four unities: time, title, interest, and possession. Because of these unities, if one owner dies, their share doesn’t go to their heirs or through a will; it automatically passes to the surviving owners. The property stays with the remaining owners, and the number of owners can decrease as members die. Tenancies in common do not have survivorship—each owner holds a separate, potentially unequal share that can be transferred by will or through intestacy. Sole ownership isn’t co-ownership at all, and leased ownership describes a lease rather than ownership, so survivorship doesn’t apply.

The right of survivorship is a defining feature of joint tenancies. In a joint tenancy, all owners hold the property together with four unities: time, title, interest, and possession. Because of these unities, if one owner dies, their share doesn’t go to their heirs or through a will; it automatically passes to the surviving owners. The property stays with the remaining owners, and the number of owners can decrease as members die.

Tenancies in common do not have survivorship—each owner holds a separate, potentially unequal share that can be transferred by will or through intestacy. Sole ownership isn’t co-ownership at all, and leased ownership describes a lease rather than ownership, so survivorship doesn’t apply.

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