Property Final Flashcards
(90 cards)
Tenancy in Common means separate but undivided interest in the property. True or false
True
How is interest inherited in tenancy in common (ie. marriage, will,..)
By will or deed
In a tenancy in common, If A and B have a TIC and A dies does A heirs or B get the property?
A’s heirs, there is no right to survivorship between A and B.
Is there a right of survivorship for joint tenancy?
Yes
What are the four unities of joint tenancy?
Time, Title, Interest, Possession
Can joint tenancies be severed?
Yes, they become tenancies in common.
Can you convey the property at death during joint tenancy?
No
If there is only time, titile, and possession for the joint tenancy is it a joint tenancy still?
No, must have all four or it is a tenancy in common.
If you want to end a joint tenancy when must you do it?
does the life of the other person. Death is too late.
Does joint tenancy have to be equal?
No, one can have 1/3 while the other has 2/3.
Who creates a tenancy by the entirety?
spouses
Does divorce end a tenancy by the entirety?
Yes, it becomes tenancy in common.
pg 1 on 390
A,B,C are joint tenancy but when A conveys to D it ends the joint tenancy between A and B and A and C but not B and C (they have joint tenancy still) but B and C have tenancy in common with D now.
O conveys Blackacre to A, B and C as joint tenants. Subsequently, A conveys his interest to D. Then B dies intestate, leaving H as his heir. What is the state of title?
When B dies leaving an heir H, B has his share split. D has A’s share as a tenant in common, C has C’s own share and B’s share that was in joint tenancy, and H has B’s share that was in tenancy in common.
T devises Blackacre to A and B as joint tenants for their joint lives, remainder to the survivor. What interests are created by the devise?
Important one to understand
Creates a life estate in A and B. Then there is a remainder in fee simple to the survivor. It is absolutely going to go to one of those two – whichever survives. Contingent, but doesn’t violate the rule because one of those two is the validating life.
Is a tenancy in common inheritable by wills, devisable and alienable?
Yes (important)
If the transaction was unclear when it’s two or more people in interest with the land what is it?
Court makes it tenancy in common.
Joint Tenancy MUST be severed during the life time.
true and important
What is the only way to end a tenancy by the entirely?
Must jointly agree to end it. By jointly conveying it to yourself as what you want it to be.
Can one spouse end a tenancy by the entirety?
No
If one spouse cant end a tenancy by the entirety, what does that mean for creditors to that one spouse?
They can’t take from the tenancy by the entirety
Can one person break a joint tenancy?
yes, a person may unilaterally sever joint tenancy without an intermediary (a third person to transfer the interest to, then have it transferred back).
Can the steps to sever a joint tenancy on the property count as actually severance?
the court justifies that the only way to actually sever a joint tenancy is when the property is sold. Steps leading up to a sale, such as placing a lien on the property don’t sever a joint tenancy.
A and B own Blackacre in joint tenancy. A conveys a 10-year term of years in Blackacre to C. After five years, A dies, devising all of his property to D. What are Bs rights?
The lease does not sever joint tenancy because it’s not a conveyance. When A dies, despite A’s will, Blackacre is going to B rather than D. The 10-year lease is gone – it disappears into thin air.