- Unity of time
- Interest must be acquired by both tenants at the same time.
- In common law, the "time" requirement could be satisfied only by using a "straw man" to create a joint tenancy. The party creating the joint tenancy would have to convey title to a straw man, who would then transfer title to the two parties as joint tenants.
- Unity of title
- The interests held by the co-owners must arise out of the same instrument.[1]
- Unity of interest
- Both tenants must have the same interest in the property.
- This means that the joint tenants must have the same type of interest, and the interest must run for the same duration. For example, if X and Y create a joint tenancy, both X and Y's interests must be in fee simple absolute. If, for example, X has a fee simple absolute and Y has a life estate, there is no unity of interest.
- Unity of possession
- Both tenants must have the right to possess the whole property.
If any of the four unities is broken and it is not a joint tenancy, the ownership reverts to a tenancy in common.
The unique aspect of a joint tenancy is that as the joint tenancy owners die, their shares accrue to the surviving owner(s) so that, eventually, the entire share is held by one person.