today:
37
yesterday:
158
Total:
1,001,291

부동산

Four unities

2019.04.03 20:36 Views : 141

Unity of time 
Interest must be acquired by both tenants at the same time.
In common law, the "time" requirement could be satisfied only by using a "straw man" to create a joint tenancy. The party creating the joint tenancy would have to convey title to a straw man, who would then transfer title to the two parties as joint tenants.
Unity of title 
The interests held by the co-owners must arise out of the same instrument.[1]
Unity of interest 
Both tenants must have the same interest in the property.
This means that the joint tenants must have the same type of interest, and the interest must run for the same duration. For example, if X and Y create a joint tenancy, both X and Y's interests must be in fee simple absolute. If, for example, X has a fee simple absolute and Y has a life estate, there is no unity of interest.
Unity of possession 
Both tenants must have the right to possess the whole property.

If any of the four unities is broken and it is not a joint tenancy, the ownership reverts to a tenancy in common.

The unique aspect of a joint tenancy is that as the joint tenancy owners die, their shares accrue to the surviving owner(s) so that, eventually, the entire share is held by one person.

No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2075
Notice 부동산 용어 (A to Z) 2019.03.03 1321
261 TEST 25 2019.03.27 106
260 Real Estate Law 16 2019.05.06 106
259 Real Estate Law 86 2019.05.15 106
258 Founders 2018.11.14 107
257 Acting Without a License 2019.02.28 108
256 void contract 2019.05.22 108
255 Leasehold Estates in Real Estate 2019.04.01 109
254 Real Estate Law 35 2019.05.08 109
253 Real Estate Law 38 2019.05.08 109
252 Real Estate Law 75 2019.05.13 109
251 Real Estate Law 106 2019.05.17 109
250 Real Estate Law 61 2019.05.11 110
249 Chapter 17 Conclusion 2019.03.10 111
248 Real Estate Law 11 2019.05.05 111
247 Real Estate Law 8 2019.05.05 112
246 Chapter 8 Quiz 2019.03.04 113
245 Real Estate Practice -1 (Understanding-Answers) 2019.04.11 113
244 Real Estate Law 15 2019.05.06 113
243 Real Estate Law 68 2019.05.12 113
242 Equitable title 2019.05.22 114
241 SAMPLE EXPRESSION FOR ROUTE 2022.09.05 114
240 Streets of Orange County named after people: 2018.11.14 115
239 Chapter 7 Conclusion 2019.04.14 115
238 Law 6 2019.05.03 115
237 Chapter 4 Quiz 2019.04.13 117
236 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 117
235 TEST 21 2019.03.25 118
234 Law 4 2019.05.03 118
233 Property taxes in California 2019.05.22 118
232 TEST 20 2019.03.25 119