What does the right of survivorship in joint tenancy entail?

The right of survivorship in joint tenancy fundamentally means that, upon the death of one co-owner, their share of the property automatically transfers to the surviving co-owners. This legal principle ensures that the deceased person's interest in the property does not pass on to their heirs or beneficiaries outside of the joint tenancy arrangement, distinguishing it from other forms of ownership where a deceased owner's share may be inherited by their heirs.

This characteristic of joint tenancy promotes stability and continuity of ownership among the remaining co-owners. As a result, the ownership interests remain intact without passing through probate or being subject to the deceased's estate claims. This arrangement is particularly beneficial in allowing surviving co-owners to maintain collective control over the property without the complications that can arise from a co-owner’s death.

The incorrect options reflect misunderstandings about the nature of joint tenancy. For instance, receiving a share from a deceased co-owner by their heirs contradicts the central principle of survivorship. Similarly, the concepts of equal division of property among co-owners and termination of ownership do not accurately represent the specific legal feature of the right of survivorship in this context.