Which form of ownership allows for multiple owners without right of survivorship?

Tenancy in Common is the form of ownership that allows for multiple owners without right of survivorship. In a tenancy in common arrangement, each owner holds a separate and distinct share of the property, which can be unequal, and there is no right of survivorship. This means that if one owner passes away, their share of the property does not automatically go to the surviving owners; instead, it can be passed on to heirs or any designated beneficiaries. This aspect makes tenancy in common particularly appealing for individuals who want to retain control over how their share of the property is distributed after their death.

On the other hand, in joint tenancy, owners have a right of survivorship, meaning that the deceased owner's share automatically transfers to the surviving owners. Tenancy by the entirety, which is typically used by married couples, also includes a right of survivorship and cannot be severed without the consent of both parties. Community property refers to the ownership of property acquired during a marriage, but it does not operate under the same principles as tenancy in common regarding the distribution of ownership upon death.