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Joint Tenancy Essentials

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Quiz on unities, survivorship, and security interests

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Joint Tenancy Essentials
 

Joint Tenancy EssentialsOnline version

Quiz on unities, survivorship, and security interests

by Rob Irish
1

Upon death, the deceased's heirs automatically inherit the deceased's share in a joint tenancy.

2

Severing a joint tenancy can be achieved by a transfer by all joint tenants or consent of all non-executing joint tenants or service affidavit.

3

Mineral transfers can be less than 1/20.

4

PPS-1 allows registering a mobile home security interest in the Personal Property Registry if no land is owned.

5

A joint tenancy requires only two unities.

6

If any unity is destroyed, the joint tenancy becomes a tenancy in common.

7

Severing a joint tenancy requires a court order only.

8

The four unities required for a valid joint tenancy are Time, Title, Interest, and Possession.

9

The right of survivorship means survivors automatically own the deceased's interest.

10

A writ expired cannot be endorsed against titles.

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