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6 This act modifies the Real Estate Code to clarify that a joint tenancy in real estate is
7 converted to a tenancy in common by a joint tenant making a bona fide conveyance of the
8 joint tenant's interest in the property to himself or another. The act provides intent language
9 and retrospective operation.
10 This act affects sections of Utah Code Annotated 1953 as follows:
12 57-1-5, as last amended by Chapter 9, Laws of Utah 2001
13 Be it enacted by the Legislature of the state of Utah:
14 Section 1. Section 57-1-5 is amended to read:
15 57-1-5. Creation of joint tenancy presumed -- Tenancy in common.
16 (1) (a) Beginning on May 5, 1997, every ownership interest in real estate granted to two
17 persons in their own right who are designated as husband and wife in the granting documents is
18 presumed to be a joint tenancy interest with rights of survivorship, unless severed, converted, or
19 expressly declared in the grant to be otherwise.
20 (b) Every ownership interest in real estate which does not qualify for the joint tenancy
21 presumption as provided in this Subsection (1)(a) is presumed to be a tenancy in common interest
22 unless expressly declared in the grant to be otherwise.
23 (2) (a) Use of words "joint tenancy" or "with rights of survivorship" or "and to the survivor
24 of them" or words of similar import means a joint tenancy.
25 (b) Use of words "tenancy in common" or "with no rights of survivorship" or "undivided
26 interest" or words of similar import shall declare a tenancy in common.
27 (3) A sole owner of real property shall create a joint tenancy in himself and another or
29 (a) by making a transfer to himself and another or others as joint tenants by use of the
30 words as provided in Subsection (2)(a); or
31 (b) by conveying to another person or persons an interest in land in which an interest is
32 retained by the grantor and by declaring the creation of a joint tenancy by use of the words as
33 provided in Subsection (2)(a).
34 (4) In all cases, the interest of joint tenants shall be equal and undivided.
35 (5) A "joint tenancy" is severed and is converted into a "tenancy in common" by a joint
36 tenant by making a bona fide conveyance of the joint tenant's interest in the property to himself
38 (6) [
39 no retrospective operation and shall govern instruments executed and recorded on or after May 5,
41 Section 2. Legislative intent and retrospective operation.
42 (1) It is the intent of the Legislature that the amendments made by this act are merely
43 clarifying amendments that do not enlarge, eliminate, or destroy vested rights and therefore
44 retrospective operation is appropriate.
45 (2) This act has retrospective operation and shall govern instruments executed and
46 recorded on or after May 5, 1997.
Legislative Review Note
as of 12-26-01 9:58 AM
A limited legal review of this legislation raises no obvious constitutional or statutory concerns.