In a joint tenancy, what right does each owner have concerning the property upon the death of an owner?

In a joint tenancy, each owner possesses the right of survivorship. This means that when one joint tenant passes away, their share of the property automatically transfers to the remaining joint tenants. This characteristic distinguishes joint tenancy from other forms of property ownership, such as tenancy in common, where the deceased’s share would instead pass to their heirs or beneficiaries according to their will or state law.

The right of survivorship ensures that the property remains with the living owners, promoting a unified and cohesive ownership structure. This principle is critical because it simplifies the transfer of property upon the death of an owner and prevents it from going through probate, ultimately supporting the continuity of ownership among the surviving joint tenants.

Other concepts related to property ownership, such as leasing rights, partition rights, and eviction rights, operate under different circumstances and do not pertain directly to what happens upon the death of a joint tenant. Understanding the right of survivorship is essential for anyone involved in real estate transactions, as it impacts estate planning and property management practices.