Which type of ownership allows a person to leave their share to designated heirs?

Tenancy in Common is the type of ownership that permits individuals to leave their share to designated heirs. In a tenancy in common, each co-owner has a distinct and separate ownership interest in the property, which allows them to transfer, sell, or bequeath their share independently of the other co-owners. This means that if one co-owner passes away, their share can be passed on according to their will or designated beneficiaries, rather than automatically transferring to the other co-owners as is the case in joint tenancy.

In contrast, joint tenancy includes the right of survivorship, meaning that when one joint tenant dies, their interest automatically passes to the surviving joint tenants, rather than being distributed according to their wishes. Community ownership typically pertains to property acquired during marriage and is subject to specific laws regarding marital assets. Sole ownership simply means one person owns the property entirely but does not inherently include the flexibility of transferring shares to multiple heirs like tenancy in common does.