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In South Dakota, joint tenancy with right of survivorship requires all of the following 'four unities' EXCEPT:

Correct Answer

C) Unity of purpose

The four unities required for joint tenancy are Time, Title, Interest, and Possession (TTIP). Unity of purpose is not one of the four unities. All joint tenants must acquire their interest at the same time, through the same deed, with equal shares, and with equal rights of possession.

Answer Options
A
Unity of time
B
Unity of title
C
Unity of purpose
D
Unity of interest

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Related Topics & Key Terms

Related Topics:

tenancy-in-commonright-of-survivorshipseveranceestate-planning

Key Terms:

four unitiesTTIPjoint tenancytime title interest possessionunity of purpose

Related Concepts

A life estate is a freehold estate that grants ownership rights for the duration of someone's life.

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.

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