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lilypadfrog
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Simple English definitions for legal terms
unity
Read a random definition: Dean of the Arches
A quick definition of unity:
Unity means being one or together. In law, it can refer to the requirement for creating a joint tenancy, where co-owners have the same rights and interests in a property. It can also refer to different types of tenancy, such as a periodic tenancy that automatically renews unless terminated, or a tenancy in common where co-owners have equal rights but no right of survivorship. Overall, unity means being united or connected in some way.A more thorough explanation:
Definition: Unity refers to the fact or condition of being one in number or oneness. In law, it is a requirement for the creation of a joint tenancy, which involves two or more co-owners who take identical interests simultaneously by the same instrument and with the same right of possession.
Example: A joint tenancy is created when two siblings inherit a property from their parents and take equal ownership of it. They both have the right to possess the entire property, and if one of them dies, the other automatically inherits their share.
Explanation: The example illustrates unity because the siblings have a single, undivided interest in the property, and they both have the same right of possession. They also acquired their interests at the same time and by the same instrument, which is a requirement for a joint tenancy. The right of survivorship is another characteristic of a joint tenancy, which means that if one of the siblings dies, their share automatically passes to the other sibling, rather than to their heirs or beneficiaries.