Joint Tenancy is a form of property ownership where two or more individuals hold equal shares in a property. Each owner has the right to use and enjoy the entire property, not just their share. A key feature of joint tenancy is the right of survivorship, meaning that if one owner passes away, their share automatically transfers to the surviving owner(s), rather than being passed on to heirs. To create a joint tenancy, all owners must acquire their interest in the property at the same time and through the same deed. This type of ownership is often used by couples or family members who want to ensure that the property remains within the group after one owner dies.