Class Notes (838,076)
Canada (510,662)
Langara College (1,809)
FMGT 1116 (41)
E.Hamer (38)
Lecture

Joint Tenancy.docx

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Department
Financial Management
Course
FMGT 1116
Professor
E.Hamer
Semester
Summer

Description
Joint Tenancy Old law (present) – Survivorship and Presumption of Death Act: If Joint Tenants die at exactly the same time, it is deemed that the younger survived the elder New law – Wills and Estates Succession Act – if Joint Tenants die at exactly the same time, they are treated as Tenants in Common Tenant in Common – ending it  A tenant in common can sell his/her interest to third parties or other tenants-in-common  If can’t sell a part interest may apply in court under the Pa
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