_________is the co-ownership of property in which each party owns an undivided interest in the property, and on the death of one of them, his or her interest automatically passes to the other tenant or tenants.

A) Community property
B) Tenancy in common
C) Joint tenancy
D) Tenancy by the entirety

Joint Tenancy

A form of property ownership in which two or more parties own a property together, with rights of survivorship.

Community Property

A type of shared asset ownership usually among married couples, in which properties obtained while married are equally held by each partner.

Tenancy In Common

A form of co-ownership where each tenant holds an undivided interest in the property, with no right of survivorship.