Unity of interest, possession, time, title. Joint-tenancy agreement’s legal requirements. (1) Unity of interest is the requirement that in duration, extent, and nature, all joint-tenants must have the same interest . (2) Unity of possession is the requirement that no joint-tenant shall have exclusive possession of the whole property; that each joint-tenant simultaneously with other joint-tenants must have undivided share of the property. (3) Unity of time is the requirement that at the same time and for the same period, all joint-tenants must vest. (4) Unity of title is the requirement that in this single instrument, all joint-tenants must have equal property title.
Link to This DefinitionDid you find this definition of FOUR UNITIES helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary