1. Tenants in a joint tenancy are regarded as a single owner brought together by four unities.
2. The four unities are time, title, interest, and possession.
3. Under the unity of time, the interest of each joint tenant must be acquired at the same time.
4. Under the unity of title, all joint tenants must acquire title by the same instrument.
5. Under the unity of interest, all must have equal undivided shares.
6. Under the unity of possession, each must have a right to possession of the whole.
7. There are rights of survivorship under joint tenancy.
8. Once a tenant is deceased their property interest will cease to exist.
9. Joint Tenancy is the best option for same sex couples, father and son, etc as probate will not be required.
10. The interests can be unilaterally severed.
- 11. Lien theory does not sever title in a joint