Which co-ownership type allows no right of survivorship?

In the context of co-ownership of property, tenancy in common is the type that allows for multiple owners to hold shares in the property without any right of survivorship. This means that each co-owner has an undivided interest in the property, but when one co-owner passes away, their share does not automatically transfer to the surviving co-owners. Instead, it becomes part of the deceased owner's estate and can be inherited by their heirs.

This is in contrast to joint tenancy, where co-owners have a right of survivorship, meaning that upon the death of one owner, their interest in the property is automatically distributed to the surviving owners. Severalty refers to sole ownership, which does not involve co-ownership at all. A life estate is a form of ownership that grants someone the right to use and occupy a property for their lifetime, after which the property passes to another party, often referred to as the remainderman.

Understanding these distinctions is crucial for individuals involved in property transactions or estate planning, as the choice of ownership type can significantly impact how property is managed and transferred after an owner’s death.