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LSDefine

Simple English definitions for legal terms

time unity

Read a random definition: Maritime Commission

A quick definition of time unity:

Time unity is a rule that says if people own something together, they all have to start owning it at the same time. For example, if three friends buy a car together, they all have to start owning it on the same day. This is one of four rules that make up joint tenancy, which is a way of owning property together.

A more thorough explanation:

Definition: Time unity refers to the requirement that all joint tenants' interests must vest at the same time.

Time unity is one of the four unities required for the creation of a joint tenancy, which is a type of co-ownership of property. The other three unities are interest, possession, and title.

For example, if three people inherit a property and want to hold it as joint tenants, they must all inherit their interests at the same time. If one person inherits their interest a year later than the other two, they cannot hold the property as joint tenants.

Time unity ensures that all joint tenants have an equal and simultaneous interest in the property. This helps to prevent disputes and confusion over ownership rights.

time-shifting | time value

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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
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