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Types of Tenancy Flashcards Tenants in Common-two or more people-no right to survivor-ship-each owners interest may be conveyed separately. (right to sell portion) Pur Autre VieLife Estate based off the life of another rather than the tenant Joint Tenancy-equal ownership-cannot will-last survivor owns the property in severalty-all owners must receive title at the
same time-must have relationship: spousal, business or
other Adverse PossessionOccupying land that another person owns, with the intention of possessing it Allodial-Basis of Real Property ownership in USA-Free and Full Ownership of rights in land-Opposite of Feudal CooperativeWhen someone owns stock in a condominium complex and leases it from a company To create a joint tenancy relationship in the ownership of
real estate, there must be unities of:
-possession-time-interest-title Tenancy by Entirety-husband and wife-undivided interest (each owns 100%)-right of survivorship-cannot be willed-cannot be created by operation of law SeveraltyAn estate owned by one person only Testate and IntestateTestate: dying with a willIntestate: dying without a will
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