Property Ownership, Transfer of Title & Land Use 14.2.1 Flashcards
1
Q
When is joint tenancy terminated?
A
when any one unity is terminated.
If co-owners cannot agree to mutually terminate joint tenancy; termination of co-ownership can happen by suit for partition.
The court may physically divide the property or order it to be sold and then divide the proceeds among the disputing owners.
2
Q
What is Tenancy by the entirety?
A
a special form of ownership for married couples in certain states.
3
Q
Tenancy by the entirety: 1
A
Each has an undivided interest with an inherent right of survivorship.
4
Q
Tenancy by the entirety: 2
A
Both husband and wife must sign any documents to encumber or convey the property