Ownership Flashcards
(7 cards)
What happens when a joint tenant’s interest is transferred during life?
Joint tenancy is severed and converted into a tenancy in common
*if two or more joint tenants remain, the others will retain a joint tenancy with respect to each other.
Can joint tenancy be devised by will or inherited?
No, only when tenancy in common
is “for the purpose” sufficient to make a defeasible fee?
No.
FSD: so long as, during, until
FSSCS: but if, provided that, unless
If 1 out of 3 Joint Tenants gives interest to another joint tenant, what does that joint tenant get?
the other joint tenant gets 1/3 interest as a tenant in common. Still has 1/2 Joint Tenancy with the third Joint Tenant
If testator’s will states “all my interests” to A, but testator already gave “all my interests” to B during life, what rules?
What happened during life
Can heirs end up with nothing
Yes if interests/estates were given away at life or in will
If covenant between landlord and tenant runs with land, can new owner enforce?
Yes if the assignee-landlord is in privity of estate with the tenant