Property-II-Land Interest-Other Flashcards
JT(S) Requirements
TTIP - 4 Unities
Time, Title, Interest, Possession
JT must take identical interests at same time by same instrument w/ same right to possession
JT Right of Survivorship
Upon death of joint tenant, his property interest automatically goes to surviving JTs in equal share
Severance by JT: Effect
Severance by JT creates TIC for severed interest. Transferee become TIC.
Others still own interest as JTs (if 2 + JTs remain)
How to Sever JT
Sale transfer/partition action (to make TIC)
Mortgage taken on JT under title theory jx (no severance under lien theory-majority view)
Not by will (JTs are not free to devise).
TIC: 1 Requirement
Unity of possession required. Each TIC is entitled to possess and control the whole property
TIC: Presumed form of co-tenancy unless…
Grantor had clear intent/language for rt of survivorship. No such rt for TIC.
Ownership interests: JT v TIC
JT: Undivided
TIC: Static and not necessarily equal
TIC: Right to partition
Any TIC has a right to judicial partition of the property (e.g. if they’re having a disagreement)
TIC may be terminated by partition
TIC is Devisable, descendible, alienable
Tenancy by the entirety (4 unities + 5th unity of marriage)
Only between legally married parties at time of grant.
Conveyance needs both spouses (ineffective if by one spouse).
Tenancy by the entirety - Severance
Severed by death, divorce, mutual agreement.
Co-tenant right to possess
Co-tenant right to possess the whole property. If ousted from any portion, can sue for $ and/or ejectment.
Co-tenant: right to partition
Right to demand (bring action) to physically divided if feasible, or seek to sell and divide proceeds
Co-tenant: profits
Entitled to 3p rent and profit from land proportionally. Profits belogn to CT if brought by own efforts
Co-tenant: contribution for preservation
Entitled to taxes, mortgages, necessary repairs shared proportionally
Co-tenant: contribution for preservation: extraordinary repairs
No duty w/o agreement but can offset with any rent collected and split rest of rent
Co-tenant: contribution for preservation: improvement
No duty w/o agreement but difference from increased price creates goes to improve CT
Co-tenant: waste
Ct can bring an action for waste against CT
Co-tenant: duty of fair dealing
If a CT gets title or lien in the property, other CTs may join and pay share or forfeit interest
AP Elements - COAH - Actual and exclusive
Physically occupied portion not shared with the true owner or the public at large
If reasonable portion of parcel actually occupied, under color of title, may be deemed to possess entire parcel as if actually occupied
AP Elements - COAH - Open and notorious
Plainly apparent occupation of land so as to put true owner on notice of use upon inspection
AP Elements - COAH - Hostile
Contrary to true owner’s intent regardless of possessor’s intent.
AP Elements - COAH - Continuity over statutory period
May be tolled if disability exists a time of entry until disability is removed
May tack periods of AP by privity. Requires intentional transfer.
Rights of AP
Same as true owner (remainder, life estate etc.) at time of entry. Must quiet title to make marketable.
Tenancy for years
For fixed period.
Terminates automatically
Created by express agreement (writing >1 yr)