Sentences with phrase «tenant equal interest»

A form of co-ownership that gives each tenant equal interest and equal rights in the property, including the right of survivorship.

Not exact matches

As Master Schlosser explained, as tenants in common, Mr. Denesik and Mr. Verhulst had equal rights to use and possess the entire property with no right of survivorship to the other's interest.

Joint tenancy, often called «joint tenants with right of survivorship,» is a form of holding equal interests in an asset by two or more persons.

The Court of Appeal, by a majority, upheld Kernott's appeal, finding that the parties owned the beneficial interest as tenants in common in equal shares as there was no evidence that the parties» intentions had changed after their separation.

d. and finally, Unity of interest: joint tenants must have equal interests in the whole of the property.

Since 1998 the Land Registry form to register transfers of interests in land (form TR1) contains a box which the transferees can complete stating whether they are holding the property on trust as joint tenants or as tenants in common, and, if the latter applies, whether it is held in equal shares.

Four unities are required to create a joint tenancy: 1) Time: all joint tenants must obtain their interest at one time; 2) Title: all must obtain their interest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of posinterest at one time; 2) Title: all must obtain their interest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of posinterest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of posInterest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of possession.