Which type of property ownership does NOT allow for survivorship?

The type of property ownership that does not allow for survivorship is tenancy in common. In a tenancy in common agreement, each co-owner holds a distinct share of the property. This means that when one of the owners passes away, their share does not automatically transfer to the surviving co-owners. Instead, the deceased owner’s share is passed according to their will or, if there is no will, according to the laws of intestate succession.

This is in sharp contrast to joint tenancy, and tenancy by the entirety, both of which include the right of survivorship. In these arrangements, when an owner dies, their interest in the property automatically transfers to the surviving tenant(s), ensuring that the property remains with the remaining owners. A life estate also does not involve survivorship in the same way but introduces other complexities that involve the rights of the life tenant and the remainderman, which differ from the straightforward share distribution seen in tenancy in common.

Understanding these distinctions is crucial in real estate as it affects how property is owned and what happens to that property upon the death of an owner.