When a joint tenant dies, their interest in the property:
Correct Answer
B) Automatically transfers to the surviving joint tenant(s)
A defining feature of joint tenancy is the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenant(s) by operation of law, without going through probate. This distinguishes joint tenancy from tenancy in common, where a deceased owner's share passes through their estate.
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Related Concepts
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
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