Property Ownership
Which of the four unities is required for joint tenancy but NOT for tenancy in common?
AUnity of possession
BUnity of interest
CUnity of time✓ Correct
DUnity of title
Explanation
Joint tenancy requires four unities: time (acquired simultaneously), title (same deed), interest (equal shares), and possession. Tenancy in common requires only unity of possession—co-owners share the right to possess, but interests may differ.
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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.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
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.
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