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š Co-Ownership in Land Law: Understanding Joint Tenancy and Severance
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We explore the legal concept of co-ownership in land law with a specific focus on severance of joint tenancies. This lecture examines how joint tenancy operates, its four essential unities, and the significant implications of the right of survivorship.
ā¢ Co-ownership exists when two or more people hold an interest concurrently in the same piece of land
ā¢ Express co-ownership occurs when land is conveyed to two or more persons by deed
ā¢ Joint tenancy and tenancy in common are the two main types of co-ownership
ā¢ Joint tenancy requires four unities: Possession, Interest, Time and Title (PITT)
ā¢ In joint tenancy, co-owners hold as one unity with no separate individual shares
ā¢ The right of survivorship (jus accrescendi) means a deceased joint tenant's interest automatically passes to survivors
ā¢ Joint tenancy creates a "lottery effect" or "last man standing" scenario
ā¢ Joint tenants cannot leave their interest in a will as they don't have a separate share to leave
š”āļø Letās learn the law togetherāone session at a time!
Chapters
1. Co-Ownership in Land Law: Understanding Joint Tenancy and Severance (00:00:00)
2. Welcome to Law Sessions (00:00:32)
3. Defining Co-Ownership (00:01:09)
4. Joint Tenancy vs Tenancy in Common (00:02:40)
5. The Four Unities Explained (00:05:30)
6. Right of Survivorship Effect (00:08:19)
7. The Last Man Standing Problem (00:10:30)
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