In joint tenancy, how must ownership be structured?

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In joint tenancy, ownership must be structured equally with the right of survivorship. This means that all joint tenants hold an equal share of the property, and when one joint tenant passes away, their share automatically transfers to the surviving joint tenants, rather than going through probate or being passed on to heirs. This feature of joint tenancy is what distinguishes it from other forms of property ownership, such as tenancy in common, where shares can be unequal and there is no right of survivorship. The emphasis on equal shares ensures that all parties have the same level of interest and control over the property, promoting a unified ownership experience.

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