What is the main characteristic of tenants in a joint tenancy?

The main characteristic of tenants in a joint tenancy is that they hold equal interests in the property, which are acquired at the same time and through the same deed. This creates a unified ownership structure where all joint tenants have the same level of claim to the property and its value.

In a joint tenancy, the principle of "unity of title" is crucial, meaning that all tenants must obtain their interest through the same instrument (the deed) and at the same time. This concept is foundational in distinguishing joint tenancy from other forms of co-ownership, such as tenancy in common, where interests may be unequal and can be acquired through different means.

The other choices highlight aspects that do not apply to joint tenancy. For instance, the absence of survivorship, the ability to divide shares among heirs, and the capacity for individual transfers of ownership do not align with the fundamental characteristics of joint tenancy, which emphasizes both equal ownership and the right of survivorship—where, upon the death of one tenant, their interest automatically passes to the remaining tenants rather than to heirs. Understanding these concepts helps clarify the unique legal implications of joint tenancy in real estate ownership.