Concurrent Ownership and Marriage

Question 1

Concurrent Ownership

Answer 1

Each co-owner or co-tenant has the right to use and possess the entire property

Question 2

Types of modern concurrent estates (tenancys)

Answer 2

Tenancy in commons; joint tenancy; tenancy by entirety

Question 3

Tenancy in commons: Conveyance language

Answer 3

To A and B

Question 4

Tenancy in Commons: Define

Answer 4

Each tenant in common has undivided fractional interest in the property. (doesn’t need to be equal)

Question 5

Joint Tenancy: Convey language

Answer 5

O conveys Greenacre “To A and B as joint tenants with rights of survivorship

Question 6

Joint Tenancy: Define

Answer 6

Has undivided right to use and possess but each has right of survivorship.

Question 7

JOint Tenancy: Four Elements

Answer 7

Time, Title, Interest, Possession

Question 8

Tenancy by the Entirety: Language

Answer 8

“to A and B as tenants by the entirety”

Question 9

Tenancy by the entirety: Define

Answer 9

For married couples, tenants have undivided right to use, and possess the whole property with right of survivorship only ended by death, divorce or agreement of spouses