Question

Marcus and Remy are owners of a condominium complex in a joint tenancy. Remy wants to leave the joint tenancy and sell his property right to Yolanda. When Remy sells his property right to Yolanda,

a. Remy must obtain consent from Marcus before doing so.
b. the joint tenancy terminates, and both Yolanda and Marcus must wind up and sell their assets.
c. Yolanda's ownership becomes a tenancy in common with Marcus.
d. Yolanda's ownership becomes a joint tenancy with Marcus.

Answer 1

Remy selling his share of the joint tenancy to Yolanda changes the ownership to a tenancy in common with Marcus, as the unities of time and title required for joint tenancy are not maintained. Therefore correct option is C

Step-by-step explanation:

When Remy sells his property right to Yolanda while in a joint tenancy with Marcus, this action will change the nature of the property ownership. Specifically, Remy's decision to sell his share to Yolanda will convert Yolanda's and Marcus's holdings to a tenancy in common, not a joint tenancy.

Joint tenancy requires four unities: time, title, interest, and possession. By selling his share, Remy breaks these unities, particularly that of title, since Yolanda would acquire her interest at a different time and under a different title. Therefore, option c is correct: Yolanda's ownership becomes a tenancy in common with Marcus.