What are the four unities required for joint tenancy commonly referred to as?

The four unities required for joint tenancy are commonly referred to as PITT, which stands for Possession, Interest, Time, and Title. Each of these elements is essential for creating a joint tenancy arrangement.

Possession means that all joint tenants have the right to possess and enjoy the entire property together. Interest refers to the requirement that all tenants hold an equal interest in the property. Time indicates that all tenants must acquire their interests at the same time, ensuring that their rights are synchronized. Title signifies that all tenants must hold their interests under the same legal document, confirming their joint ownership.

The acronym PITT helps individuals remember these four essential unities, which are foundational for establishing joint tenancy in property law. Other mentioned options do not correspond to the critical elements of joint tenancy and are irrelevant in this context.