Which property ownership method involves a right of survivorship?

The method of property ownership that involves a right of survivorship is Joint Tenancy with Right of Survivorship (JTWROS). This means that when one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenant(s) without going through probate. This feature provides a clear advantage for property owners who wish to ensure that their property is seamlessly passed on to specific individuals without legal complications or delays.

In contrast, Tenancy in Common does not include a right of survivorship. In this arrangement, each co-owner holds an individual share of the property, and when one co-owner dies, their share goes to their heirs rather than the surviving co-owners. This can lead to a more complicated process in transferring ownership upon death.

Sole Ownership means that the property is owned entirely by one person without any partners involved. This individual has complete control over the property, but there is no right of survivorship since there are no other owners.

Community Property typically applies to married couples in certain jurisdictions, where property acquired during the marriage is owned jointly. While it does not inherently include a right of survivorship, the rules surrounding what happens to community property upon one spouse's death can vary based on local laws. In most cases, the