Serena and Douglas were joint tenants of a piece of land. Although Serena did not take much interest in the property, Do
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Serena and Douglas were joint tenants of a piece of land. Although Serena did not take much interest in the property, Do
Serena and Douglas were joint tenants of a piece of land.Although Serena did not take much interest in the property, Douglassaw its potential value in the rental market. He therefore leasedthe property to Marcus Inc for $50 000 per year. Because Douglasdid not want Serena to know about the lease, he persuaded MarcusInc that there was no need for a written agreement. Marcus Incoccupied the property for five years, during which it paid a totalof $250 000 in rent to Douglas. The land now sits empty. Serenadied two months ago. Shortly before she passed away, however, shediscovered the details of the rental arrangement that Douglas hadcreated with Marcus Inc, and she demanded a share of the profits.Douglas refused. The situation became more complicated uponSerena’s death because she left a will that gave everything sheowned, including her interest in the land, to her sister, Rumana.Discuss the rights and liabilities that may affect Douglas, Serena,and Rumana.