{"id":8640,"date":"2017-11-20T00:01:13","date_gmt":"2017-11-20T00:01:13","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=8640"},"modified":"2018-06-13T13:17:21","modified_gmt":"2018-06-13T13:17:21","slug":"concurrent-estate-ownership-or-possession-of-property-by-two-or-more-persons-at-the-same-time","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=8640","title":{"rendered":"concurrent estate – ownership or possession of property by two or more persons at the same time"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is also continued from\u00a0\u00a0Property<\/a> >>>>\u00a0Interest<\/a>\u00a0>>>> Estate<\/a>\u00a0>>>>\u00a0\u00a0Number of Persons Holding an Estate, and the Manner in Which its Held<\/a>:<\/strong><\/span><\/p>\n

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concurrent estate<\/span>:<\/strong><\/span>
\n(18c)<\/span><\/p>\n

1.<\/span> Ownership<\/a>\u00a0or\u00a0<\/span>possession<\/a> of <\/span>property<\/a> by two or more persons at the same time.\u00a0 *\u00a0 In modern practice, there are three types of concurrent estates:<\/span><\/span> tenancy in common<\/a> ,<\/span> joint tenancy<\/a>, and<\/span> tenancy by the entirety<\/a><\/span>.<\/span><\/span><\/strong> \u2014 aka<\/span> concurrent interest<\/span><\/strong><\/em>. [1]<\/span><\/span><\/p>\n

\u00a0 \u00a0 \u00a0Excerpt from\u00a0Thomas F. Bergin & Paul G. Haskell’s\u00a0Preface to Estates in Land and Future Interests<\/em><\/a>\u00a0(2d ed. 1 84):<\/strong><\/span><\/p>\n

\u00a0 \u00a0 \u00a0\u201cA concurrent estate is simply an estate whether present or future, defeasible or non-defeasible, in fee simple, in tail, for life, or for years that is owned by two or more persons at the same time. 0 transfers \u2018to A and B and their heirs.\u2019 A and B own a present concurrent estate in fee simple absolute.<\/span>\u201d<\/strong> [2]<\/span><\/p>\n

Types of Concurrent Estates:
\n<\/span><\/strong><\/span><\/p>\n

joint tenancy<\/span><\/a> – an<\/span> estate<\/a> held by two more more persons jointly, with equal rights to share in its enjoyment during their lives, and having as its distinguishing feature the right of survivorship.<\/span><\/strong><\/span><\/p>\n