Ownership - Joint Tenancy & Four Unities

Question 1

Owners hold single title jointly

Answer 1

Unity of Ownership

Question 2

Owners always hold equal shares

Answer 2

Equal Ownership

Question 3

May transfer to new owner as a tenancy in common interest w/remaining joint tenants

Answer 3

Transfer

Question 4

On death, interests and rights pass to other joint tenants

Answer 4

Survivorship

Question 5

Requires “four unities”, PITT

Answer 5

Possession - acquire same possessory rights
Interest - acquire equal, undivided interests
Time - acquire interests at the same time
Title - acquire interests w/same deed