Question
Co-Ownership Paolo owns a property in Kirrawee. He gifts his estate in fee simple to Alice, Wendell and Novi. The transfer states that they are
Co-Ownership
Paolo owns a property in Kirrawee. He gifts his estate in fee simple to Alice, Wendell and Novi. The transfer states that they are to take the property as joint tenants. The transfer is then registered. Alice decides that she would like to sell her share of the property. She transfers her interest to Riva. The transfer is registered. Riva makes a will leaving all her property - both real and personal to her best friend Lacey. Riva has an accident and dies. Lacey has recently lost her job and can't pay her rent. She is evicted. She desperately wants to move into the house with Wendell and Novi. a. What is the relationship between Wendell, Novi and Lacey (ie are they tenants in common, joint tenants or a combination)? b. Can Lacey move in?Four months later, Novi dies suddenly. Her will specifies that all her real property is to be left to Cassie. c. What interest, if any, does Cassie have? What is the relationship now between the remaining tenants?
Please answer by four steps:
A. Key legal Issues
B. Principles and Authorities
C. Application
D. Conclusion, Remedies and Advice
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