In which form does the surviving co-owners automatically acquire a deceased owner's share?

• A. Joint Tenancy
• B. Marital Property Ownership Rights
• C. Right of Survivorship
• D. Time Share Ownership

Answer: (C)

The automatic transfer of a deceased owner’s share to the remaining owners is the right of survivorship, a defining feature of joint tenancy. In joint tenancy, the co-owners hold with equal shares and unity of possession, title, interest, and time. When one owner dies, that owner’s interest doesn’t go to heirs or through probate; instead, it automatically passes to the surviving co-owners. This survivorship mechanism is what makes the transfer occur without a will or probate. Tenancy in common, by contrast, does not have survivorship—the deceased’s share goes to heirs or as specified by a will. Time-share ownership involves usage rights rather than automatic transfer of ownership.