Each owner under a joint tenancy with right of survivorship owns an equal undivided interest in the property.

Name: Each owner under a joint tenancy with right of survivorship owns an equal undivided interest in the property.
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In a joint tenancy with right of survivorship, each owner has an equal share and interest in the property. Upon the death of one owner, their share automatically transfers to the surviving owner(s) without the need for probate or distribution according to a will.

Each Owner Under a Joint Tenancy with Right of Survivorship