Which concept involves the right of surviving owners to continue owning property after one dies?

The concept that involves the right of surviving owners to continue owning property after one dies is known as Joint Tenancy. In Joint Tenancy, multiple individuals hold equal shares in a property, and this arrangement includes the right of survivorship. This means that if one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenants, rather than being passed down through a will or subjected to probate. This characteristic makes Joint Tenancy a distinct form of ownership compared to other types such as Tenancy in Common, where there is no right of survivorship, allowing heirs to inherit the deceased's share.

In addition, unlike a Life Estate, which grants ownership rights until the death of the holder of the life estate, and Future Interest, which pertains to rights to property that will be realized in the future, Joint Tenancy is unique in its ability to allow remaining owners to retain full rights to the property after one owner's death. The survivorship feature is a critical aspect of this ownership form, facilitating a seamless transition of property rights among owners.