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šŸ”’ Understanding Joint Tenancy vs. Tenancy in Common in Property Law

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Manage episode 477886655 series 3649260
Content provided by Jennifer Housen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jennifer Housen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Subscriber-only episode

This deep dive into property co-ownership explores the crucial differences between joint tenancy and tenancy in common, with a focus on the process of severance. We clarify the legal complexities and equitable principles that determine how co-owners' property rights are protected and transferred.
• Joint tenancy requires four unities (PITT): Possession, Interest, Time, and Title
• Tenancy in common requires only the unity of possession
• In England, tenancy in common operates only in equity, not at law
• Each tenant in common holds an undivided individual share that can be passed through a will
• Severance converts joint tenancy into tenancy in common
• Methods of severance include written notice, alienation, mutual agreement, mutual conduct, or homicide
• Commercial partners and businesses may automatically be considered tenants in common
• Express declarations of beneficial interests determine share distribution upon severance
šŸ’”āš–ļø Let’s learn the law together—one session at a time!

  continue reading

Chapters

1. Understanding Joint Tenancy vs. Tenancy in Common in Property Law (00:00:00)

2. Introduction to Tenancy in Common (00:00:10)

3. Unity of Possession Explained (00:01:55)

4. Converting Joint Tenancy to Tenancy in Common (00:03:14)

5. Equitable Severance Methods (00:05:25)

6. Commercial Context and Partnerships (00:08:55)

104 episodes

Artwork
iconShare
 
Manage episode 477886655 series 3649260
Content provided by Jennifer Housen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jennifer Housen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Subscriber-only episode

This deep dive into property co-ownership explores the crucial differences between joint tenancy and tenancy in common, with a focus on the process of severance. We clarify the legal complexities and equitable principles that determine how co-owners' property rights are protected and transferred.
• Joint tenancy requires four unities (PITT): Possession, Interest, Time, and Title
• Tenancy in common requires only the unity of possession
• In England, tenancy in common operates only in equity, not at law
• Each tenant in common holds an undivided individual share that can be passed through a will
• Severance converts joint tenancy into tenancy in common
• Methods of severance include written notice, alienation, mutual agreement, mutual conduct, or homicide
• Commercial partners and businesses may automatically be considered tenants in common
• Express declarations of beneficial interests determine share distribution upon severance
šŸ’”āš–ļø Let’s learn the law together—one session at a time!

  continue reading

Chapters

1. Understanding Joint Tenancy vs. Tenancy in Common in Property Law (00:00:00)

2. Introduction to Tenancy in Common (00:00:10)

3. Unity of Possession Explained (00:01:55)

4. Converting Joint Tenancy to Tenancy in Common (00:03:14)

5. Equitable Severance Methods (00:05:25)

6. Commercial Context and Partnerships (00:08:55)

104 episodes

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