Co-Ownership Issues in Property and Private Client Work

Question 1

Co-Ownership Issues

Minumum Age to be Legal Owner of land

1

Answer 1

18

Question 2

Co-Ownership Issues

Minumum age to be Benefial Owner of Land

1

Answer 2

No minumum age

Question 3

Co-Ownership Issues

What is the Mandatory Method by which the Legal Estate must be held by Co-Owners?

1

Answer 3

Joint Tenants

Legal Estate simply cannot be held as TiC

Question 4

Co-Ownership Issues

What are the 4 Unities that must exist for a Joint Tenancy?

4

Answer 4

1. Possession (both entitled to whole land)
2. Interest (freehold/leasehold must be indentical for both)
3. Time- Interests must arise at the same time
4. Title- Each tenant gains interest from same document

PITT

Question 5

Co-Ownership Issues

1 Unity that Exists for Tenancy in Common

1

Answer 5

1. Unity of Possession

Note TiC only exists in equity

Question 6

Co-Ownership Issues

Method by which a Beneficial Joint Tenancy is converted into a Tenancy in Common

1

Answer 6

Severance