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.

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2
Q

What is Tenancy by the entirety?

A

a special form of ownership for married couples in certain states.

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3
Q

Tenancy by the entirety: 1

A

Each has an undivided interest with an inherent right of survivorship.

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4
Q

Tenancy by the entirety: 2

A

Both husband and wife must sign any documents to encumber or convey the property

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