Advantages And Disadvantages Of Joint Tenants
322 Words2 Pages
1. The interests of all joint tenants must be identical in duration, extent, and nature. If there are two, then they each have 50%, and if there are four then they each have 25%. Only in a tenancy in common can the percentage interests be different.
2. Each joint tenant must have an undivided share of the property simultaneously with other joint tenants, and no joint tenant can have exclusive right to possess the whole property. Further, possession
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