1. Co-Tenancy Flashcards
How is a Joint Tenancy created in Georgia?
A sole owner can create joint tenancy by conveying a joint interest directly to another person.
Is Tenancy by The Entirety recognized in Georgia?
Georgia does not recognize tenancies by the entirety.
How can married couples own property in Georgia?
A married couple can own property as joint tenants, providing each spouse with a right of survivorship.
Can one spouse unilaterally convey or encumber their interest in the property in Georgia?
Yes, one spouse can unilaterally convey or encumber their interest in the property.
What are the five ways that a tenant in common must account to their co-tenant?
A tenant in common must account if they:
1. Receive rent or profit from the joint property
2. Commit waste
3. Deprive the co-tenant of their fair share of the property
4. Appropriate the joint property to their exclusive use
5. Use the property in an exclusive manner
When is a Co-Tenant in Common not liable to account for rent to a co-tenant in Georgia?
A tenant in common is not liable to account for rent if:
1. they occupy only their share
2. do not withdraw essential property value, like mineral deposits