Which type of ownership grants the right of survivorship?

Joint tenancy grants the right of survivorship, which means that when one joint tenant dies, their interest in the property automatically passes to the surviving joint tenants, rather than being transferred to the deceased’s heirs or beneficiaries. This characteristic of joint tenancy is significant because it allows for a streamlined passage of ownership without the need for probate, ensuring that the property remains within the surviving owners' control.

In contrast, tenancy in common does not include the right of survivorship; when a tenant in common dies, their share is distributed according to their will or intestate laws rather than passing automatically to the other co-owners. Community property relates more to ownership in marriage and does not inherently provide for right of survivorship unless specified in their agreements. Tenancy by the entirety, while it does provide a certain level of protection and rights similar to joint tenancy, is specific to married couples and also includes survivorship rights, but it is a distinct ownership form.

Thus, joint tenancy is distinct in its clear and straightforward mechanism of allowing ownership to pass seamlessly to the remaining property owners upon the death of one tenant.