Term
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Definition
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Term
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Definition
Intangible right of ownership
held by a single person or corporation |
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Term
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Definition
| gift of real property by will |
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Term
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Definition
ownership by 2 or more person, as many as 5 conditions
unities |
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Term
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Definition
| co-owners have the same undivided right to possess the whole property |
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Term
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Definition
| co-owner own equal interest |
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Term
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Definition
| estates were acquired at the same instant of time |
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Term
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Definition
| estates of the co-owners were acquired from the same instrument of conveyance |
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Term
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Definition
| co-owners own as an indivisible legal unit |
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Term
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Definition
| a form of ownership, which is reserved for a husband and wife only |
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Term
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Definition
| right of surviving co-owners to automatically acquire a deceased co-owner's interest |
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Term
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Definition
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Term
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Definition
| WRO's with right of survivorship Reserved for married couples |
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Term
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Definition
if co-owners are not husband and wife, this form of ownership is assumed unless a different form of ownership is specified in the deed
No right to survivorship |
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