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LSDefine

Simple English definitions for legal terms

interest unity

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A quick definition of interest unity:

Interest unity means that all joint tenants in a property must have the same type of ownership, the same amount of ownership, and the ownership must last for the same amount of time. This is important for creating a joint tenancy, which is a type of ownership where all owners have equal rights to the property. In order to create a joint tenancy, there must be four unities: interest, possession, time, and title. Interest unity is one of these unities and ensures that all owners have the same type and amount of ownership in the property.

A more thorough explanation:

Definition: Interest unity refers to the requirement that all joint tenants' interests must be identical in nature, extent, and duration.

For example, if two people own a property as joint tenants, they must have equal ownership interests in the property. This means that they both have the same rights to use and enjoy the property, and they are both responsible for paying any expenses related to the property.

Interest unity is one of the four unities required for the creation of a joint tenancy, along with possession unity, time unity, and title unity. These unities ensure that joint tenants have equal rights and responsibilities with respect to the property they own together.

interest-rate swap | interest warrant

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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