Property Ownership
In Connecticut, the four unities required for joint tenancy are:
ATitle, interest, possession, and time✓ Correct
BDeed, survey, mortgage, and title insurance
COwnership, use, exclusion, and disposition
DRecording, delivery, acceptance, and consideration
Explanation
Joint tenancy requires four unities: unity of Time (acquired at the same time), Title (same instrument), Interest (equal shares), and Possession (equal right to possess).
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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