100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Co-Ownership of Land $13.49   Add to cart

Exam (elaborations)

Co-Ownership of Land

2 reviews
 163 views  2 purchases
  • Course
  • Institution
  • Book

Land Law exam notes written from textbooks and lectures for Co-Ownership of Land. Formatted to be memorised and contains all the necessary information to achieve a 2:1 or 1st on the exam.

Preview 1 out of 3  pages

  • January 11, 2017
  • 3
  • 2015/2016
  • Exam (elaborations)
  • Other

2  reviews

review-writer-avatar

By: mandzo • 6 year ago

review-writer-avatar

By: adamsarnowski • 7 year ago

avatar-seller
Co-Ownership of Land

*-Two forms of co-ownership exist:

1) Joint Tenancy
2) Tenancy in Common

1)Joint Tenancy
*-Where there is more than one owner of a legal estate, the legal estate must be:

a) Held by the legal owners as joint tenants.
b) Held by them on a trust of land.

*-A joint tenancy indicated that the co-owners are holding the property concurrently.
--That is, the co-owners are treated as a unit, whereby each co-owner is entitled to the whole
of the property.

Exmple: A+B= one unit

-Two distinguishing features of a joint tenancy:

a) Right of Survivorship
b) Four Unities

a)Right of Survivorship
*-On the death of a joint tenant his interest does not pass under the law of succession, rather,
it passes to the surviving joint tenant.
*-Survivorship Rule: The fee simple in joint tenancy, when one dies, their interest does not
go to whom they left their possession in the will. Rather, it goes to the remaining joint
tenants. (i.e. A,B,C C dies C’s interest goes to the remaining joint tenants (A, B))

b)The ‘Four Unities’
*-Whenever there is a joint tenancy, it is necessarily follows that ‘the four unities’ exist
between the co-owners:

1) Unity of Possession: All must be equally entitled to possession of the whole land.
That is, unity possession occurs if two or more people have concurrent rights to enjoy
the whole or piece of land.
2) Unity of Interest: Each co-owner must have absolutely identical rights over the land
in question. That is, their interest in the land is the same.
i) Each co-owner must have the same estate (i.e. both have ten year leases).
ii) Each co-owner must have equal rights to enjoy the land.
3) Unity of Title: Each joint tenant must have acquired his/her interest from the same
document.
-If co-owners have acquired rights under different documents then they are
necessarily tenant in common not joint tenants.
4) Unity of Time: For there to be a joint tenancy, the rights of each joint tenant must
‘vest in interest’ at the same time. That is, the rights of each joint tenant must
commence at the same time.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Joel1234. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66579 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49  2x  sold
  • (2)
  Add to cart