Unities In Joint Tenancy

Civil Code § 683.2(c) - Joint Tenancy Severance After Death is Limited by  California Law - Talkov Law

(Ontario)

There four unities in a Joint Tenancy.

Unity of Interest:  means equal sized units. So, two people half and half, three people, a third each, four people a quarter each etc.

Unity of Possession: means ownership of the entire parcel of property. It’s not divided up in any way.

Unity of Title: All parties must have acquired ownership through the same document (ie. Deed or Will).

Unity of Time: All parties must have acquired ownership at the same time (no delays, postponements etc.)

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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