Chapter 6: Concurrent Ownership Flashcards

1
Q

Elements of the tenancy in common

A
  1. Created by “to A and B”
  2. Freely alienable, devisable, and descendible
  3. Each has a right to possess the whole parcel
  4. Proceeds are divided proportionately by interest each party possesses
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2
Q

Elements of the joint tenancy

A
  1. Created by “to A and B as joint tenants with right of surviorship”
    • If A dies, B becomes sole owner w/ 100% interest
  2. Neither devisable nor descendible
  3. Each has the right to possess the whole parcel
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3
Q

Elements to create the joint tenancy

A
  1. Time - all tenants must acquire property at same time
  2. Title - all tenants must acquire title by same instrument
  3. Interest - all tenants must have same shares in both size and duration
  4. Possession - all tenants must have equal right to possess, use, and enjoy whole property
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4
Q

Elements of the tenancy by entirey (split jx - only half of states)

A
  1. Created by “to A and B as tenants by the entirety” or be conveyance or devise to married couple
  2. Each tenant has undivided right to use and possess the property
  3. Neither party can individually convey undivided interest to 3d party
  4. Only be ended by death, divorce, or the agreement by both spouses
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5
Q

Elements to create tenancy by entirety

A
  1. Time
  2. Title
  3. Interest
  4. Possession
  5. A valid marriage
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6
Q

Define “partition”

A

When parties cannot agree on how to end a cotenancy, a tenant has the right to sue for partition

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7
Q

Partition rule

A

If property cannot be fairly divided, the entire property may be sold
1. Property cannot be conveniently partitioned
2. Interests of one or more of parties will be promoted by sale
3. Interests of other parties will be prejudiced by sale

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8
Q

What are the elements of the Uniform Partition of Heirs Property Act?

A
  1. Allows any cotenant to purchase interest of a cotenant who seeks partition by sale
  2. Requires partition in kind unless result would prejudice the cotenants in the group
  3. Provides that in assessing prejudice, court must consider sentimental attachment
  4. Mandates open market sale rather than customary auction
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9
Q

Cotenant Rights and Duties

What is the rule for rent in cotenancy?

A

A cotenant in possession does not owe any rent to a cotenant out of possession, absent an ouster

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10
Q

Cotenant Rights and Duties

What is an ouster?

A

An ouster occurs when a co-tenant in possession refuses to allow another cotenant to occupy the property

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11
Q

Cotenant Rights and Duties

How are proceeds from the property dispersed?

A

A cotenant is entitled to his proportionate share of all rent and profits derived from the entire land

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12
Q

Cotenant Rights and Duties

How are proceeds from the property dispersed?

A

A cotenant is entitled to his proportionate share of all rent and profits drive from the entire land

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13
Q

Cotenant Rights and Duties

When can a co-tenant in sole possession recover operating and maintenance costs?

A

If the costs exceed it’s fair, rental value

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14
Q

Separate Property System

What are the rights during marriage in a separate property system?

A

Property is separately owned by the spouse, who acquires it

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15
Q

Separate Property System

What are the rights during divorce in a separate property system?

A

Most states mandate equitable distribution of property, considering factors, such as incomes, standard of living, contributions, age and health, special needs, and the length of the marriage

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16
Q

Separate Property System

What are the rights at death in a separate property system?

A

The survivor has a choice:
1. take under the decedent’s will, or
2. receive a defined portion of the decedent’s estate

17
Q

Community Property System

What are the rights during marriage in a community property system?

A

All earnings during marriage are owned by both spouses equally. Property acquired before marriage or during marriage by gift or inheritance is separate property.

18
Q

Separate Property System

What are the rights at divorce in a community property system?

A

All community property is divided between the spouses

19
Q

Separate Property System

What are the rights at death in a community property system?

A

At death, the decedent may devise her half of the community property and all her separate property as she desires

20
Q

Tenancy by Entirety

What are the 4 approaches to debt in marriage?

A
  1. The possession of the estate is subject to the husband’s, exclusive control;
  2. The estate of a debtor spouse, except a homestead, shall be subject to his separate debts
  3. The estate may not be subjected to the separate debts of one spouse only
  4. The contingent right of survivorship is separately alienable and attachable by the individual’s credit
21
Q

Unmarried Couples

How do courts handle disputes in unmarried couples?

A

General refusal to recognize property rights, however, may take an approach of implied contract or unjust enrichment