California DRE Salesperson Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

The correct answer is Joint Tenancy, as it specifically provides for the right of survivorship among co-owners. This means that if one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenants, rather than being distributed according to the deceased's will or state inheritance laws. This feature of joint tenancy makes it a popular choice for couples and family members who want to ensure that ownership remains within the group, avoiding probate and simplifying the transfer of property upon death.

In contrast, Tenancy in Common does not afford rights of survivorship, meaning that each tenant can will their share to their heirs, which may result in ownership being split among multiple parties. Community Property generally applies to married couples and offers different rights regarding property acquired during the marriage, but it does not inherently include survivorship rights. Leasehold refers to a temporary right to occupy a property, typically through a rental agreement, and does not involve joint ownership in the context of survivorship.