Which ownership type grants the right of survivorship automatically?

Joint tenancy is the correct answer because it is a form of property ownership in which two or more individuals hold equal shares of a property with the right of survivorship. This means that when one joint tenant dies, their interest in the property automatically passes to the remaining joint tenants, not to their heirs or beneficiaries. This automatic transfer bypasses the probate process, ensuring a seamless transition of ownership among the surviving tenants.

In contrast, other ownership types do not include this right of survivorship. For example, tenants in common own individual shares of the property, and if one owner passes away, their share is passed according to their will or state succession laws, rather than automatically to the other co-owners. Community property, which generally applies in certain states to assets acquired during marriage, does not carry the right of survivorship unless specified. Ownership in severalty means that a single individual owns the property, so the concept of survivorship does not apply to co-owners at all, as they are not present.