Property Ownership, Transfer of Title & Land Use 14.2 Flashcards
1
Q
Joint Tenancy is for?
A
Two or more natural owners only with rights of survivorship
2
Q
n order to create joint tenancy, four unities (PITT) are required:
A
Possession
Interest
Time
Title
3
Q
Unity of Possession
A
Such that all joint tenants hold an undivided right to possession
4
Q
Unity of Interest
A
Such that all joint tenants hold equal ownership interests
5
Q
Unity of Time
A
Such that all joint tenants acquire their interest at the same time
6
Q
Unity of Title
A
such that all joint tenants acquire their interests by the same document
