Concurrent Estates Flashcards
Concurrent Estates
Multiple people can own land at the same time
- Each cotenant has an undivided interest
- Cotenants cannot exclude each other
- Interest may be uneven but property right is whole
- Each cotenant can exclude and admit strangers
Tenancy in Common (TiC)
- Each cotenant has an undivided share, and can use and sell it
- Income from sale divided based on ownership stake
Joint Tenancy (JT)
- Like TiC but atomatic survivorship = upon death interests transfer to fellow cotenancts
- Requires 4 unities:
1. Time (JT vests at same time)
2. Same title
3. Same legal interest (no futute)
4. Possession
Tenancy by the Entirety
Like JT, but adds 5th unity: marriage
- Need spousal permission to transfer
- Modern courts do not create these unless parties want to do so
Community Property
- In few states all property acquired during marriage becomes community property
- Each spouse has a right to possess community property, but any transfer or encumbrance (claims/restrictions) requires spousal consent
Conflicts b/w cotenants
Exit is the avaliable remedy, not arbitration (cts. will split land). Cotenants can use contracts to work out affairs
Partition in Kind
Divide land to cause least upset to parties, according to their share of interest
Partition in Sale
Court sells the land and splits the proceeds according to their share of interest
- Disfavored due to force, but easier to administer
Ouster
If cotenant is excluding another cotenant unlawfully, they have been ousted OR if cotenants are using land is such a way to necessarily prevent cotenant from exercising rights.
-BUT as noted in Gillmore v. Gillmore court will look for a clear request to use the land
Severance
A JT can be severed by either party at any time and turned into a TiC