Which ownership form features the right of survivorship and requires unity of time, title, interest, and possession?

Which ownership form features the right of survivorship and requires unity of time, title, interest, and possession?

• A. Tenancy in Common
• B. Joint Tenancy
• C. Tenancy by Entirety
• D. Periodic Tenancy

Answer: (B)

Joint tenancy is the ownership form that features the right of survivorship and requires the four unities: time, title, interest, and possession. All owners acquire their interests at the same time, by the same instrument, with equal shares, and with an equal right to possess the entire property. Because these unities exist, when one owner dies, their share automatically passes to the surviving owners rather than to the deceased’s estate. That survivorship principle is what makes joint tenancy distinct from tenancy in common, where there is no automatic transfer on death and shares can be unequal and pass by will. Tenancy by entirety also includes survivorship, but it applies only to married couples and carries additional constraints. The combination of the right of survivorship and the four unities is what identifies this form as the correct choice.

Joint tenancy is the ownership form that features the right of survivorship and requires the four unities: time, title, interest, and possession. All owners acquire their interests at the same time, by the same instrument, with equal shares, and with an equal right to possess the entire property. Because these unities exist, when one owner dies, their share automatically passes to the surviving owners rather than to the deceased’s estate. That survivorship principle is what makes joint tenancy distinct from tenancy in common, where there is no automatic transfer on death and shares can be unequal and pass by will. Tenancy by entirety also includes survivorship, but it applies only to married couples and carries additional constraints. The combination of the right of survivorship and the four unities is what identifies this form as the correct choice.