Which type of tenancy includes the right of survivorship?

In real estate, the type of tenancy that includes the right of survivorship is joint tenancy. This means that when one tenant in a joint tenancy passes away, their interest in the property automatically transfers to the surviving tenant(s) rather than going through probate. This legal arrangement allows for a seamless transfer of ownership without the complications involved in estate proceedings.

Joint tenancy is characterized by four key unities: time, title, interest, and possession. All joint tenants must acquire their title at the same time, through the same document, and have equal shares in the property. This form of ownership is particularly appealing for married couples or partners who wish to ensure that their spouse inherits their share automatically upon their death.

In contrast, tenancy in common does not provide the right of survivorship; when a tenant in common dies, their interest is passed on to their heirs. Tenancy by the entirety is similar to joint tenancy but is specifically for married couples and also includes right of survivorship. However, it typically does not allow for an automatic transfer unless both spouses agree to it. Leasehold, on the other hand, refers to a temporary right to hold or use property, typically through a rental agreement, and does not involve ownership in the way that the other ten