A form of property ownership in which the parties have equal shares which were created at the same time and which pass automatically to the survivor on the death of one of the parties is known as:

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The described form of property ownership is known as joint tenancy. In joint tenancy, each party holds an equal share of the property, and upon the death of one party, their share automatically transfers to the surviving party without the need for probate proceedings. Tenancy in common allows for unequal shares and does not involve automatic transfer, while unity of ownership and common ownership are not recognized legal terms for specific forms of ownership.

A Form of Property Ownership in Which the Parties Have