What type of ownership allows two or more individuals to share ownership of a property while having the right to inherit their share?

The type of ownership that allows two or more individuals to share ownership of a property while having the right to inherit their share is known as tenancy in common. In a tenancy in common arrangement, each owner holds a distinct share of the property, which they can sell, transfer, or will to their heirs. This means that if one co-owner passes away, their share does not automatically go to the other co-owners but can be bequeathed to someone else, according to their wishes.

In contrast, joint tenancy involves the right of survivorship, where the decedent's share automatically passes to the surviving co-owner(s), meaning that individual heirs do not inherit the deceased's interest. Leasehold ownership refers to a tenant's right to occupy property for a specified period under a lease agreement, while sole ownership pertains to one individual holding full ownership rights without shared interests. Each of these alternatives lacks the specific ability to inherit one's stake as described in the question.