What are the four unities required for joint tenancy?

The four unities required for joint tenancy are indeed possession, interest, time, and title. Each of these elements is essential for the establishment of a joint tenancy, which is a specific type of co-ownership of property.

• Possession refers to the fact that all joint tenants must have equal rights to possess and enjoy the whole property, not just a portion of it.

• Interest signifies that all joint tenants must hold an equal share of the property. This means that the nature of their interest in the property should be the same, for example, they can't have differing percentages of ownership.

• Time dictates that all joint tenants must acquire their interest in the property simultaneously. This means they must hold their interests at the same time to create a joint tenancy.

• Title indicates that all joint tenants must obtain their property interest through the same legal document or means, evidencing that they are recognized as co-owners of the property.

These four unities work together to create the distinct legal relationship characterized by joint tenancy, which also provides certain legal benefits, such as the right of survivorship. In contrast, the other options do not accurately capture the necessary elements of joint tenancy, thus making them incorrect.