Which type of interest in real property is characterized by having undivided rights among owners?

The correct response pertains to a type of ownership where multiple individuals hold title to a property, providing them with undivided rights to the entire property. In a joint tenancy interest, all owners possess equal shares and have the right to use the whole property. This arrangement also includes the right of survivorship, meaning that if one joint tenant passes away, their share automatically transfers to the remaining tenants, rather than being passed on to heirs.

This concept of undivided rights is crucial, as it emphasizes that each owner has the right to access and use the entire property, rather than just a specific portion of it. Joint tenancy is particularly important in estate planning and property ownership discussions due to its implications for inheritance and property control.

In contrast, other forms of property interest involve different rights and obligations. For example, a leasehold interest typically refers to a tenant's rights to occupy and use property for a specified term without ownership interest. Tenancy in common also allows multiple owners to hold title to a property, but unlike joint tenancy, there is no right of survivorship, meaning that one co-owner's share can be passed on to their heirs rather than the remaining owners. A life estate interest grants ownership for the lifetime of an individual, after which the