Property Ownership
In Maryland, joint tenancy requires which four unities?
ATime, title, interest, and possession✓ Correct
BTime, title, interest, and consideration
CPossession, occupancy, use, and title
DInterest, location, possession, and transfer
Explanation
The four unities of joint tenancy are: Time (acquired at same time), Title (same instrument), Interest (equal shares), and Possession (equal right to possess whole property).
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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.
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.
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