Which property interest does NOT have the right of survivorship?

The correct answer is that tenancy in common does not include the right of survivorship. In a tenancy in common, each owner holds an individual, distinct share of the property, which means that their share can be sold, transferred, or inherited independently of the other owners. When a tenant in common passes away, their share of the property does not automatically go to the other co-owners; instead, it is passed on according to their will or the laws of intestacy if there is no will. This allows for greater flexibility in property ownership and succession compared to other forms of co-ownership.

In contrast, joint tenancy and tenancy by the entireties both include the right of survivorship. In these arrangements, when one owner dies, their interest in the property automatically transfers to the surviving co-owners, bypassing the probate process. Trust ownership can also provide for specific rights regarding the management and distribution of property, but it depends on how the trust is structured. Overall, the absence of the right of survivorship in tenancy in common is a key characteristic that distinguishes it from these other forms of ownership.