Chapter 8 - Forms of Real Estate Ownership Flashcards
1
Q
What are the 3 types of real estate ownership?
A
Ownership in Severalty
Co-Ownership
Tenancy in Common
2
Q
What is Ownership of Severalty?
A
one owner or cooperation
3
Q
What are the two types of Co-Ownership?
A
Tenancy in Common
Joint Tenancy
4
Q
What are the four unities of necessary to create a joint tenancy? PITT
A
Possession
Interest
Time
Title
5
Q
A
