Which property ownership structure allows an owner's share to pass to others upon death?

The correct answer is Joint Tenancy because this ownership structure includes the right of survivorship, which allows a deceased owner's share of the property to automatically pass to the surviving owners without the need for probate. This means that if one joint tenant dies, their share directly transfers to the remaining joint tenants, simplifying the transfer of ownership and ensuring that the property remains within the group of owners.

In contrast, Tenancy in Common does not have the right of survivorship. When a co-owner in a tenancy in common dies, their share is passed down to their heirs through probate rather than to the other co-owners. A Life Estate grants ownership for the duration of a person's life, at which point the property reverts back to a pre-determined person or entity, rather than allowing the share to pass to others freely. A Leasehold is a form of property arrangement where one party holds rights to use land or property owned by another for a specified period, and ownership does not apply in this context. Joint Tenancy's ability to facilitate a seamless transfer of ownership upon death distinguishes it from these other structures.