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Words: | Submitted: Thu Mar 15 2007
... may make this form of co ownership seem unattractive but is very appropriate for those who's ownership allows them no financial stake in the property or land. Notably trustees. It is also very appropriate for people who are in a stable relationship or married as it is very simple and convenient. The four unities are the unities of possession, interest, title and time. If any of these are missing then there cannot be a joint tenancy. Joint tenants share possession of the land, together having one interest in the land, deriving the one title to the property at the same time. Estate management 6th edition, Card, Murdoch and Murdoch, Pg 430 * Unity of possession means that all joint tenants have equal rights to the land. No one joint tenant can be excluded * Unity of interest is when each co owner is entitled to the entire interest in the property. Each tenants ...
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