What distinguishes joint tenancy from other forms of ownership?

Joint tenancy is characterized by the right of survivorship among the owners. This means that when one joint tenant passes away, their interest in the property automatically transfers to the surviving joint tenants rather than being part of their estate. This feature ensures that the ownership interest cannot be sold or transferred through a will, allowing for a seamless transition of ownership without the need for probate.

This distinguishes joint tenancy from other forms of property ownership, such as tenancy in common, where there is no right of survivorship, meaning that upon a co-owner's death, their share of the property goes to their heirs or according to their will. Thus, the right of survivorship is a key defining factor of joint tenancy, providing unique advantages regarding ownership transfer and estate planning.

In contrast, options that focus on restrictions to specific property types, legal frameworks like community property laws, or limiting ownership to married couples do not accurately represent the defining feature of joint tenancy.