In a joint tenancy, what happens when one tenant dies?

In a joint tenancy, when one tenant dies, the principle of "right of survivorship" applies. This means that the remaining tenant automatically retains full ownership of the property, effectively taking over the deceased tenant's share without the need for probate. This right of survivorship distinguishes joint tenancy from other forms of property ownership, such as tenancy in common, where the share of the deceased would pass to their heirs rather than to the remaining co-tenants. The simplicity and efficiency of this arrangement are often appealing to those looking to ensure that property transfers seamlessly upon death.