Which unities must be present in a joint tenancy?

In joint tenancy, all co-owners must have equal rights and responsibilities regarding the property. This is established through four unities that must be present: possession, interest, time, and title.

• Possession means that each joint tenant has an equal right to possess the whole property, not just a specific portion.

• Interest indicates that each joint tenant holds an equal share in the property, with the same type of interest.

• Time signifies that all joint tenants must acquire their interest in the property at the same moment.

• Title means that all tenants hold title to the property under the same legal document.

The combination of these unities creates a strong legal framework that ensures the right of survivorship, which is a key characteristic of joint tenancy. When one joint tenant passes away, their interest automatically passes to the remaining joint tenants, highlighting the significance of having all four unities present.

The other options fail to encompass all necessary unities, making them insufficient to define a joint tenancy correctly.