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Concurrent Estates

The document discusses different types of concurrent estates including tenancy in common, joint tenancy, and tenancy by the entirety. It outlines the key characteristics of each type of estate such as rights of survivorship, ability to transfer interests, and required unities. The document also covers rights and liabilities of co-tenancy such as contribution, waste, and ouster.

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0% found this document useful (0 votes)
42 views4 pages

Concurrent Estates

The document discusses different types of concurrent estates including tenancy in common, joint tenancy, and tenancy by the entirety. It outlines the key characteristics of each type of estate such as rights of survivorship, ability to transfer interests, and required unities. The document also covers rights and liabilities of co-tenancy such as contribution, waste, and ouster.

Uploaded by

greg yagubyan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Concurrent Estates

All co tenants has right to possess the whole

Tenancy in Common

Characteristics

Unities of Possession

Right to possession whole

Each tenant owns separate and undivided fractional share

One dies, passes to heirs (can devise by will or conveyance)

Need court order to transfer title (probate)

Modernly: Default Concurrent Estate

Characteristics: Any proportion of shares, equal or unequal

Can petition court to divide by partition in kind or sale

Joint Tenant

Each tenant owns undivided fractional Equal shares and owns WHOLE

Passes to co tenant when dies (right of survivorship) (No court order needed to

transfer title)

Can not be conveyed or inherited

4 requirements Unities

Time – Acquired at same time (sometimes have to use strawman at CL)

Title- same title

Right to Possess the Whole (this cannot be altered)

Interest- percentage and type of ownership must be the same


Modernly: Just need intent over unities, for creation and dissolution but intent will be evaluated

with presumption of TIC unless intent is super clear

Ends with severance of any of the unities

Partition

Transfer

And mortgage in some states (when severed turns to tenancy in common)

Tenancy by Entirety = Marriage

5 unities (time, interest, possession, and title (4 plus marriage)

Minorites of states practice this

Cannot transfer without other spouse intent

Creditor cannot attach without consent from both spouse.

Ends with end of marriage or death.

Rights and Liabilities of Co-Tenancy

Contribution for Expenses

If co-tenant pays. For more than his pro-rate share, entitled to contribution from other

co-tenants

Acts as inducement from the protection to the payor by a claim for action

Mortgages

Insurance Premium

Taxes
Rent and profit from 3rd persons

Necessary repairs which don’t add value to asset

Does not apply to improvement

Improvement add value or life to the asset

No right to contribution but can recoup cost associated after partition only

to the extent of the cost

Waste: Irreparable damage to the property

Open Mines doctrine: Destruction of the property is not waste if it is for a known

specific purpose the property has previously been used for at the time of acquisition of

the property and cotenant is using property for same purpose (not waste)

Waste: If never used for the purpose and unilaterally decides to use property for that

purpose, waste.

Affirmative Waste: Doing something to contribute to damage to the property or its

value.

Waste by failing to act: Not doing something to the property that results in irreparable

damage to the property and decrease in the property value.

Ouster:

When one tenant occupies and possesses the whole while not allowing the other co tenant his

possession to the property

Constructive Ouster

Where property is not suitable to double occupancy, one cotenant may operate to exclude the

other. Partition. In kind preferred by the court.

In kind, plus owelty if uneven divide and balance is due to make fair.

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