Concurrent Estates Flashcards

1
Q

Concurrent Estates

A

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

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2
Q

Tenancy in Common (TiC)

A
  • Each cotenant has an undivided share, and can use and sell it
  • Income from sale divided based on ownership stake
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3
Q

Joint Tenancy (JT)

A
  • 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
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4
Q

Tenancy by the Entirety

A

Like JT, but adds 5th unity: marriage
- Need spousal permission to transfer
- Modern courts do not create these unless parties want to do so

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5
Q

Community Property

A
  • 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
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6
Q

Conflicts b/w cotenants

A

Exit is the avaliable remedy, not arbitration (cts. will split land). Cotenants can use contracts to work out affairs

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7
Q

Partition in Kind

A

Divide land to cause least upset to parties, according to their share of interest

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8
Q

Partition in Sale

A

Court sells the land and splits the proceeds according to their share of interest
- Disfavored due to force, but easier to administer

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9
Q

Ouster

A

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

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10
Q

Severance

A

A JT can be severed by either party at any time and turned into a TiC

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