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Words: | Submitted: Wed Jan 28 2004
... before a joint tenancy can be said to exist. The four unities comprise of possession (each tenant is as much entitled to possession as another), interest, (each joint tenant is wholly entitled to the whole), title (each tenant must derive his title from the same document) and time (each tenant vests in the interest at the same time). As established by the Law of Property Act 1925 s1(6) the only type of co-ownership that exists at law (the others exist in equity) is a joint tenancy and in accordance with this Julian and Dick are therefore more properly termed the legal joint tenants of the property. In this particular question we are told that all the cousins all contributed equally to the purchase price of the house and this deems that they all have an interest in the property, even though their names are not on the legal title. The ...
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