Property Ownership
In Virginia, joint tenancy requires all of the following EXCEPT:
AUnity of time
BUnity of title
CUnity of interest
DUnity of marriage✓ Correct
Explanation
Joint tenancy requires four unities: time, title, interest, and possession. Unity of marriage is not required — joint tenancy is available to any persons, married or not.
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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.
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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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