Joint Tenancy with Rights of Survivorship
In general, when two or more people hold real property in SC, they have a choice as to how to hold the title: either as Joint Tenants with Rights of Survivorship OR as Tenants in Common. Purchasers may also consider forming a corporation or limited liability company, but usually the above two methods are employed.

As Joint Tenants with Rights of Survivorship, the co-tenants own the property as a whole. When one of the co-tenants dies, that interest will pass to the other co-tenants without formal SC probate procedures.

As Tenants in Common, each tenant owns an undivided, equal interest. For example, if there are two co-tenants, they each have an undivided 50/50 interest. When one of the co-tenants dies, that interest doesn't pass automatically to the other tenants but rather by terms of a will or estate planning device.