Keller Williams Ignite Practice Exam 2026 - Free Keller Williams Ignite Practice Questions and Study Guide

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Explain the difference between tenancy in common and joint tenancy with right of survivorship.

Tenancy in common allows unequal shares and no right of survivorship; joint tenancy requires equal shares and includes right of survivorship

The key idea is how ownership shares and survivorship are handled in each form. Tenancy in common lets owners hold different percentages and has no right of survivorship—when a co-owner dies, their interest passes to their heirs or beneficiaries, not to the other co-owners. Joint tenancy with right of survivorship, on the other hand, requires equal shares and includes survivorship: if one owner dies, their portion automatically becomes the property of the surviving co-owners, not their heirs. This combination of equal shares and survivorship is what sets joint tenancy apart.

Tenancy in common requires equal shares and right of survivorship; joint tenancy allows unequal shares

Both have right of survivorship and equal shares

Tenancy in common includes right of survivorship; joint tenancy does not

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