Under Missouri law, which of the following is NOT one of the four unities required to create and maintain a valid joint tenancy?
Correct Answer
C) Unity of marriage
Unity of marriage is not one of the four unities required for joint tenancy under Missouri law. The four unities required to create and maintain a valid joint tenancy are: (1) Unity of Time — all joint tenants must acquire their interest at the same time; (2) Unity of Title — all joint tenants must acquire their interest through the same instrument (deed); (3) Unity of Interest — all joint tenants must hold equal shares; and (4) Unity of Possession — all joint tenants must have equal rights to possess the entire property. Marriage is not a prerequisite for joint tenancy in Missouri.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
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.
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