Which type of concurrent ownership includes the right of survivorship?

Which type of concurrent ownership includes the right of survivorship?

• A. Joint tenancy.
• B. Tenancy in common.
• C. Fee simple estate.
• D. Life estate.

Answer: (A)

The right of survivorship is a feature of joint tenancy. In joint tenancy, owners hold equal shares at the same time with equal rights to possess the whole property, and when one owner dies, that owner’s share automatically passes to the surviving co-owners. This automatic transfer relies on the four unities—time, title, interest, and possession—all being present. If these conditions are not all met, the arrangement typically becomes tenancy in common, where there is no survivorship and a deceased owner’s share goes to heirs or beneficiaries. A fee simple estate is sole ownership with no survivorship among co-owners, and a life estate involves a life tenant whose rights end at death, with the property passing to a remainderperson, not to other owners automatically. So the type that includes the right of survivorship is joint tenancy.

The right of survivorship is a feature of joint tenancy. In joint tenancy, owners hold equal shares at the same time with equal rights to possess the whole property, and when one owner dies, that owner’s share automatically passes to the surviving co-owners. This automatic transfer relies on the four unities—time, title, interest, and possession—all being present. If these conditions are not all met, the arrangement typically becomes tenancy in common, where there is no survivorship and a deceased owner’s share goes to heirs or beneficiaries. A fee simple estate is sole ownership with no survivorship among co-owners, and a life estate involves a life tenant whose rights end at death, with the property passing to a remainderperson, not to other owners automatically. So the type that includes the right of survivorship is joint tenancy.