What is a defining feature of Joint Tenancy?

A defining feature of Joint Tenancy is the right of survivorship. This means that when one co-owner (joint tenant) passes away, their share of the property automatically transfers to the surviving co-owners. This characteristic distinguishes Joint Tenancy from other forms of co-ownership, such as Tenancy in Common, where a deceased owner's share would be passed according to their will or state law, rather than automatically going to the other co-owners.

The right of survivorship is a crucial element because it simplifies the transfer process upon death and helps avoid probate, allowing the surviving joint tenants to take full ownership without legal hurdles. This type of co-ownership is often chosen by couples or family members who want to ensure that their interest in the property remains within the group without complications after one party's death.