What is one of the defining characteristics of joint tenancy?

One of the defining characteristics of joint tenancy is that each owner holds an equal share in the property. This means that all joint tenants have the same percentage of ownership and rights to the property, which distinguishes it from other forms of ownership, such as tenancy in common, where shares can be unequal. The equal ownership aspect reinforces the principle of unity among joint tenants, which is essential in establishing the joint tenancy relationship. All owners benefit equally from the property, and decisions regarding it typically require the consent of all joint tenants, promoting collaboration and shared responsibility in managing the property.