Property Ownership
In New Jersey, 'joint tenancy' requires four unities at the time of creation. These four unities are:
ATime, title, interest, and possession✓ Correct
BLocation, price, use, and financing
CAge, citizenship, capacity, and residence
DZoning, deed, survey, and title insurance
Explanation
The four unities required for joint tenancy are: Unity of Time (acquired at the same time), Unity of Title (same deed), Unity of Interest (equal shares), and Unity of Possession (equal right to possess). If any unity is broken, joint tenancy converts to tenancy in common.
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