Class 8 - Common ownership Flashcards
What are the 2 types of concurrent estate?
Joint tenancy and tenancy in common
What happens when a tenant in a joint tenancy died?
In joint tenancy, it transfers to the other surviving owners because joint tenancy have the right of survivorship.
True or false : In the absence of clear evidence indicating a joint tenancy, a tenancy in common is presumed?
TRUE
What are the 4 unities?
TTIP
Same time
Same instrument
Same interest
Same right of possession
How a joint tenant can create a tenancy in common?
By conveying his interest to another person.
Ex : I convey my tenancy to a third party then the joint tenancy no longer exists because it is not at the same time and from the same instrument anymore, so the 4 unities are no longer respected.
True or false : Each tenant in a joint tenancy has the right to unilaterally sever the tenancy and create a tenancy in common?
True
When does the creditors interest will disappear in a joint tenant?
At the death of the joint tenant.
What is a tenancy in common?
Each tenant owns the entirety of the estate and has the right to use the entirety of the property without permission or consent of the other.
May be unequal shares, but still can use the entirety of the property at all time.
True or false? : There is an obligation for one tenant to account to another for rents for joint property.
FALSE,
2 exceptions :
Where one has ousted a joint tenant
Where one has received rents from a third party in an amount more than his share
What are the 4 cases in which one of the owners can recover compensation from another who has had the sole use of the property?
(1) When one owner has excluded or ousted the other.
(2) When one co-owner has received more than his share of the rents of the common property from some other third party, those are the two CL rule.
(3) Where one owner uses the property under some agreement whereby, he becomes bailiff or agent of the other. This is the statute of Anne. Collecting for the others.
(4) When one owner occupies the common property as tenant of the others share and owes rent as agreed. So, if one of the owners occupies the property.
See Osachuk v Osachuk
True or false? : to pay for the cost of reparations you have to pay rent?
TRUE
What are the condition for a tenancy by the entirety?
Available only to husband and wife.
Can a spouse alienate without the consent of the other one?
NO
What happens at the death of one of the spouse?
For property owned through tenancy by entirety, the surviving spouse automatically gains full control of a deceased spouse’s share.
What is the rule in Sawada v Endo?
Neither husband nor wife has a separate divisible interest in the property held by the entirety that can be conveyed or reached by execution.