today:
680
yesterday:
752
Total:
1,070,574

부동산

Four unities

2019.04.03 20:36 Views : 171

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 2356
Notice 부동산 용어 (A to Z) 2019.03.03 1591
171 Real Estate Law 33 2019.05.08 122
170 Real Estate Law 34 2019.05.08 133
169 Real Estate Law 35 2019.05.08 142
168 Real Estate Law 36 2019.05.08 131
167 Real Estate Law 37 2019.05.08 123
166 Quiz 6 2019.05.08 7683
165 Real Estate Law 38 2019.05.08 144
164 Real Estate Law 39 2019.05.08 188
163 Real Estate Law 40 2019.05.09 141
162 Real Estate Law 41 2019.05.09 138
161 Real Estate Law 42 2019.05.09 119
160 Real Estate Law 43 2019.05.09 124
159 Real Estate Law 44 2019.05.09 124
158 Real Estate Law 45 2019.05.09 121
157 Quiz 7 2019.05.09 9942
156 Real Estate Law 46 2019.05.10 124
155 Real Estate Law 47 2019.05.10 109
154 Real Estate Law 48 2019.05.10 134
153 Real Estate Law 49 2019.05.10 109
152 Real Estate Law 50 2019.05.10 126
151 Real Estate Law 51 2019.05.10 118
150 Real Estate Law 52 2019.05.10 115
149 Real Estate Law 53 2019.05.10 811
148 Quiz 8 2019.05.10 11459
147 Real Estate Law 54 2019.05.11 142
146 Real Estate Law 55 2019.05.11 115
145 Real Estate Law 56 2019.05.11 167
144 Real Estate Law 57 2019.05.11 296
143 Real Estate Law 58 2019.05.11 123
142 Real Estate Law 59 2019.05.11 119