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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Tenancy in common |
Holding title by different persons, under different titles, each person having equal rights to occupy all of property. On death of one goes to probate |
Equal or unequal interests (percents) |
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Joint tenancy |
Equal interests, one deed with all parties named, at death of one tenant surviving tenants share equally |
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Tenancy by the entirety |
Restricted to married couples, if a spouse dies survivor becomes owner without probate |
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Tenancy in the severalty |
Sole ownership. Owned by one person only |
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Personalty |
Movable, not attached to the land |
Chattel |
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Fixture |
Something that used to be personalty (movable) but now is realty because it is permanently attached. (A shed on wheels that gets put on a foundation) |
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