What type of property ownership involves holding title jointly with the right of survivorship?

The correct answer is the type of property ownership that involves holding title jointly with the right of survivorship is Joint tenancy.

Joint tenancy is a form of property ownership in which two or more individuals hold title to a property together. One of the key features of joint tenancy is the right of survivorship, meaning that when one joint tenant passes away, their interest in the property automatically transfers to the surviving joint tenants. This ensures that the property does not go through probate and remains with the surviving owner(s) without the deceased tenant's share being transferred according to a will or intestate succession laws.

In contrast, tenancy in common does not provide the right of survivorship. Each tenant in common can pass their share to heirs upon death, which may lead to multiple parties inheriting portions of the property. Leasehold estate refers to renting or leasing property, which doesn’t involve ownership. A freehold estate entails ownership of the property where the holder has more extensive rights and ownership duration, but it does not inherently include the requirement of joint ownership or survivorship. Therefore, joint tenancy specifically addresses the conditions described in the question about holding title jointly with rights that include survivorship.