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1. Charles has 100 acres of farmland. He has two children, William and Harry, and they help their aging father with the farm. Charles decides

1. Charles has 100 acres of farmland. He has two children, William and Harry, and they help their aging father with the farm. Charles decides to deed 50 acres of farmland to William in 2020. Then, in 2022, Charles deeded the other 50 acres to Harry and then retires from farming.

Are William and Harry joint tenants with rights of survivorship? Why or Why not?

2. Polly and Holly are sisters and they want to be neighbors. They purchase 10 acres and plan to build two houses on the property. They signed the deed at the same time. Polly paid $75,000 and Holly only paid $25,000 for the land.They agree that Polly will own a 3/4 interest in the real property and Holly will only 1/4 interest in the land.

Are Polly and Holly joint tenants with rights of survivorship? Why or why not?

3. Kelly, Wyatt, and Daniel own real property as joint tenants with rights of survivorship. Daniel died last week. What happens to Daniel's share?

Kelly, Wyatt, and Daniel own real property as joint tenants with rights of survivorship. Daniel died last week. Are Kelly and Wyatt still joint tenants with rights of survivorship? Why or Why not?

4. Kelly, Wyatt, and Daniel own real property as joint tenants with rights of survivorship. Daniel died last month and his Will left his share of the real property to daughter Carla.

Who owns the real property and what size is their share of the real property? Explain.

5. Alex, Betty, and Carson own real property as tenants in common. Carson died last month and his Will left his share of the real property to his daughter Darlene.

Who owns the real property and what size is their share of the real property? Explain.

6. Stacy wants to purchase 100% of the real property owned by Peter, Paul, and Pauline. Stacy entered into a contract with Peter.

Do both Paul and Pauline need to agree to sell the property together with Stacy? Explain.

7. Siblings, Terry and Sherry, bought 8 acres of land from Farmer Fred. The deed transfers the real property to Terry and Sherry in equal shares. However, the deed doesn't state whether Terry and Sherry own it jointly with rights of survivorship or as tenants in common.

Is the deed defective for failing to name the type of ownership? Explain.

8. Penny, Simon, and Zack bought a home in Fort Walton Beach, Florida, each contributing $300,000. The deed says that they own it with rights of survivorship. Simon sells his 1/3 interest to his friend, Wayne.

What kind of ownership do Penny, Zach, and Simon own now?

9. Penny, Simon, and Zack bought a home in Fort Walton Beach, Florida, each contributing $300,000. The deed says that they own it with rights of survivorship. Simon sells his 1/3 interest to his friend, Wayne. Wayne has a wife, Hermione. Zack has no children but he leaves everything to his best friend, Oscar, in his Will. Penny is not married and has one daughter, Maddie.Zack dies in a motorcycle accident.

What happens to Zack's share? How much interest does each owner have now?

10. Penny, Simon, and Zack bought a home in Fort Walton Beach, Florida, each contributing $300,000. The deed says that they own it with rights of survivorship. Simon sells his 1/3 interest to his friend, Wayne. Wayne has a wife, Hermione. Zack has no children but he leaves everything to his best friend, Oscar, in his Will. Penny is not married and has one daughter, Maddie. Zack dies in a motorcycle accident in July 2015. Wayne dies of old age in 2022. Penny dies from cancer in 2021.

Who owns the real property and how much interest does each owner have now? Explain.

11. A common owner is entitled to his or her fractional proportionate share of rent or income from the property. For example, Rodney owns 3/4 of an Airbnb and Stella owns 1/4 of it. If the Airbnb is rented out and makes $100,000 in profit.

How much of the profit should be distributed to Rodney? How much of the profit should be distributed to Stella?

12. What is the right of contribution and why is it important to a co-owner of real property?

13. What is the difference between an improvement and a repair?

14. A common owner may enforce his or her right of contribution against other common owners by filing a _____________. If it is not paid, the court could force a sale of the real property.

15. Mom died leaving her house to her two sons, Billy and Bobby, as tenants in common. Billy died and his wife, Sharon inherited Billy's share of the house. Sharon wants to sell the house. Bobby wants to live in the house but is unable to buy Sharon's share of the house. Sharon decides to file a lawsuit to partition the real property.

What is a partition and how will the process unfold for Sharon and Bobby?

16. Explain the difference between the right of survivorship in a joint tenancy with right of survivorship and a tenancy by the entirety.

17. What property is considered to be separately owned property in a community property state?

18. What is the difference between a tenancy by the entirety and community property?

19. Robin and Miriam are husband an wife living in California. Robin buys a home in California for them to live in, but the deed only shows Robin as the owner. Does Miriam have any ownership rights to the home? Explain.

20. What is an agreement of cotenancy, and when is it used?

21. What are the advantages of owning an investment of real property in a limited liability company?

22. Acme Company transferred real property to John Brown, James Brown, and Josephine Brown. In the deed, there is no mention of survivorship of the owners.

What form of co-ownership do John, James, and Josephine own in the real property?

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