Concurrent Title Flashcards
Primary difference between joint tenancy and tenancy in common
Right of survivorship - “jus accrecendi”
Statutory provision establishing survivorship order in simultaneous death w/ joint tenants
Survivorship Act s 3(1)
- the older is presumed to have died first
Statutory provision establishing presumption in favour of tenancy in common for legal estates
Real Property Act s 5(1)
Statutory Provision establishing presumption in favour of joint tenancy for equitable states
Real Property Act s 5(1)
Where you have terms that could be a joint tenancy or a tenancy in common (“jointly in equal shares”) … (authority)
McEwan
- for a grant preference is given to the first term
- for a will preference is given to the last term
Four unities of joint tenancy
- Possession
- Interest
- Time
- Title
Statutory provision to sever a joint tenancy by mutual agreement
Partitions Act s 4
Can’t unilaterally grant yourself title to sever a joint tenancy (authority)
Presseau
- all tenants must agree under Partition Act s 4
How does equitable severance happen?
When parties demonstrate by their conduct that they wish to sever, but one of them dies before they can complete it.
The surviving tenant will hold the complete legal fee simple under the right of survivorship, but the deceased estate will hold a portion of an equitable tenancy in common.
What does ‘unity of possession’ mean?
All joint tenants must hold equal possession of the whole property (Speck)
What does ‘unity of interest’ mean?
All joint tenants must have the same estate and type of estate (all legal or all equitable)
What does ‘unity of time’ mean?
All joint tenants have to have acquired their rights at the same time
What does ‘unity of title’ mean?
All joint tenants must have received their rights from the same instrument.
Real Property Act s 5(1)
Statutory provision establishing presumption favouring tenancy in common for legal estates and joint tenancy in equitable estates
McEwan
Where you have terms that could be a joint tenancy or a tenancy in common (“jointly in equal shares”) … (authority)