In West Virginia, joint tenancy with right of survivorship requires the four unities of:
Correct Answer
A) Time, Title, Interest, and Possession
Joint tenancy requires the four unities of Time (acquired simultaneously), Title (same deed), Interest (equal shares), and Possession (equal right to use the entire property). Remembered as TTIP.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
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