Joined: 09 Jan 2009
Online Status: Offline Posts: 355
Posted: 10 Jul 2009 at 23:45 | IP Logged
This eg is from Becker R6 pg 41:-
Alice, Bobby and cindy own Blackacre as joint tenants with rt of survivorship. cindy sells her interest in Blackacre to David. David has 1/3 undivided interest in Blackacre as tenants in common. Alice and Bobby each own a 1/3 interest in the land as joint tenants. Shortly thereafter, Alice dies. At Alice's death, David still has a 1/3 undivided interest as a tenant in common and Bobby owns an undivided 2/3 interest as a tenant in common.
I think there is a mistake in here, as Bobby's interest should be treated as joint tenant?
does a tennat in common own interest as undivided just like joint tenants? Thanks!
Joined: 07 Dec 2008 Location: United States
Online Status: Offline Posts: 624
Posted: 11 Jul 2009 at 11:31 | IP Logged
Boo yah!
The last one living in a joint tenancy agreement, takes the property. A clear example: Me and brother hold a JT in property. He dies. I own the property. It is no longer a JT, b/c its just me.
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Topic: Becker R6
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