Real Prop. Rule Statements

Front 1

Joint tenancy

Back 1

At common law, four unities were required to create a joint tenancy: unity of time, title, interest, and possession.

Front 2

Tenancy in common

Back 2

A tenancy in common is a concurrent estate with no right of survivorship. Each owner has a distinct, proportionate, and undivided interest in the property.

Front 3

Adverse possession

Back 3

Adverse possession results from the operation of the statute of limitation for trespass to real property.

Front 4

Co-tenant's rights to share in profits

Back 4

In most jurisdictions, a co-tenant in possession has the right to retain profits gained by his use of the property. A co-tenant in possession need nto share such profits must co-tenants out of possession, nor reimburse themm for the rentail value of her sue of the land, unless there has been an outster or an agreement to the contrary.

Front 5

Co-tenant's rights to share in rents

Back 5

A co-tenant out of possession has a right to share in rents from third parties.