Concurrent Ownership Flashcards
1
Q
Litigation: cotenant rights and duties
A
- Contribution action : cotenant seeks reimbursement from other cotenants for certain expenses she has paid for the operation or maintenance of the property
- Accounting action: cotenant seeks to obtain her share of the rents or profits that the property has generated
- Partition action: cotenant seeks to both partition the property and have the court settle the financial affairs of the cotenants.
2
Q
Esteves v. Esteves
A
When on a finalaccounting following sale, the tenant who had been in sole possession of the property demands contribution toward operating and maintenance expenses from his co-owner, fairness and equity dictate that the one seeking that contribution allow a corresponding credit for the value of his sole occupancy of the premises
3
Q
A