The joint tenancy form of ownership includes which feature upon a co-tenant's death?

The joint tenancy form of ownership is specifically characterized by the right of survivorship. This means that when one co-tenant dies, their interest in the property does not pass to their heirs or go through probate, but instead automatically transfers to the surviving joint tenant. This feature is one of the key distinctions that sets joint tenancy apart from other forms of ownership, such as tenancy in common.

In a joint tenancy, all co-tenants have an equal share and interest in the property, and the right of survivorship ensures that the deceased's share is not divided among their heirs nor reverted to the state. Instead, it simplifies the transfer process and allows the surviving tenant to retain full ownership of the property without the need for probate proceedings. This direct transfer can streamline asset management and are often preferred for estate planning purposes.