Concurrent Estates Flashcards
What is the default concurrent estate in MO?
tenancy in common, unless otherwise expressly declared in a grant to be a joint tenancy
what are 3 indicators of tenancy in common?
- “conveyed to A &B”
- separate but undivided interest in property
- no survivorship - if one party dies, their interest goes to their estate.
What are the 4 things required for joint tenancy?
- unity of time
- unity of title
- unity of interest
- unity of possession
What is unity of time under joint tenancy?
each of the joint interests must vest at the same time
What is unity of title under joint tenancy?
one document, one deed
What is unity of interest under joint tenancy?
all parties must have equal % interest
What is unity of possession under joint tenancy?
each tenant needs to have the right to possess the same thing
When does survivorship apply under joint tenancy?
if one party dies, their interest goes to the other parties equally.
What is unilaterally severable under joint tenancy?
one party can convey their % to themselves (i.e. three parties own something in join tenancy and one party conveys their interest to themselves - that party is now a tenant in common with the other two - and the other two own their % still as joint tenants
What are the requirements of tenancy by entirety (married people)?
Needs joint tenancy requirements plus marriage
not unilaterally severable
Can tenancy in entirely be terminated?
yes, both parties must convey property to themselves at the same time to get the 4 unities.
What is partition in kind?
to split up land (usually the default)
What is partition in sale?
a court forced sale - where the burden is upon the party seeking sale to prove partition is impractical/inequitable
What are 2 reasons a partition in sale (a court forced sale) should be ordered?
- physical attributes of the land are such that a partition is impractical or inequitable.
- interests of the owner would be better promoted by partitions of sale
What is ouster?
the idea of let me in or get out - triggers liability for the whole rent to the other co-tenant