After the death of Horace, the other two joint tenants of the luxury dining restaurant "Rendezvous" became the owners of Horace's interest in the property automatically.This feature of their concurrent ownership is called ________.

Question

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The feature of concurrent ownership that allows the surviving joint tenant(s) to automatically inherit the interest of a deceased joint tenant is called the right of survivorship. This means that the ownership interest of the deceased joint tenant is not passed on to their heirs or beneficiaries, but instead is transferred to the surviving joint tenant(s). Therefore, in this scenario, the other two joint tenants of "Rendezvous" would become the sole owners of the property after Horace's death, due to the right of survivorship.

After the Death of Horace, the Other Two Joint Tenants