The form in which the remaining tenant's interest increases upon the death of another co-owner is called what?

• A. Common Interest Ownership
• B. Right of Survivorship
• C. Time Share Ownership
• D. Fee Simple Defeasible

Answer: (B)

Right of survivorship is the mechanism by which the remaining co-owners automatically acquire the interest of a deceased co-owner. In a joint tenancy, all owners hold equal shares with unity of time, title, interest, and possession. When one owner dies, that owner’s share doesn’t go to heirs or through a will; it passes directly to the surviving co-owners. This creates a seamless transfer and means the total ownership remains with the survivors.

This concept is distinct from other forms of ownership mentioned. Common interest ownership describes owning property with others but doesn’t inherently include automatic transfer to survivors. Time share ownership provides rights to use the property for specific periods, not a survivorship mechanism. Fee simple defeasible involves ownership that can be defeated upon a condition, not automatic transfer upon death.