New Jersey Real Estate License Exam Practice Question
The feature that most distinguishes a joint tenancy from a tenancy in common is:
Correct Answer: C
Rationale: Joint tenancy is uniquely characterized by the right of survivorship, meaning that when one joint tenant passes away, their interest automatically transfers to the surviving tenant(s). This feature is not present in a tenancy in common, where a deceased tenant's share goes to their heirs.
Option A, undivided interests, applies to both joint tenancy and tenancy in common, so it does not distinguish between them.
Option B, unity of possession, is also common to both types of ownership, as all owners have equal rights to the property.
Option D, right of transfer, exists in both arrangements, allowing owners to sell or transfer their shares.
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