Co-Ownership Flashcards
1
Q
The four unities
A
Unity of possession;
unity of interest;
unity of title;
unity of time.
2
Q
Features of a joint tenancy
A
Right of survivorship; and
‘four unities’.
3
Q
lus Accrescendi
A
Right of survivorship
4
Q
Co-ownership reforms in law
A
s34 LPA
5
Q
Beneficial joint tenancy
A
A group of tenants that own an estate for their own enjoyment.
6
Q
s36 LPA 1925
A
Joint tenants
7
Q
Jones v Kernott
A
When a couple contribute the funds to purchase a home, regardless of what proportion each person contributes, it shall be assumed they intended to create a trust for joint tenancy.
8
Q
A constructive trust
A
where a party has continued to make contributions after the estate has been purchased.
9
Q
Two possible routes that may lead to the creation of a constructive trust
A
- Express agreement and in relying on the agreement act ti their detriment or altered their position;
- Implied agreement through intention or conduct.
