Which of the following describes a tenant by the entirety ownership?

The description of tenant by the entirety ownership as ownership by married couples with rights of survivorship is accurate because this form of property co-ownership is specifically designed for married couples. In this arrangement, both spouses hold equal and undivided interest in the property. This means that neither spouse can sell or transfer their interest without the consent of the other, which provides a safeguard for the ownership of the property.

The right of survivorship aspect is crucial; if one spouse passes away, the surviving spouse automatically receives full ownership of the property, bypassing the probate process. This is distinct from other forms of co-ownership, such as joint tenancy or tenancy in common, which may have different survivorship rules. By having this specific structure, tenant by the entirety ownership helps ensure that the property remains within the couple’s control in life and after death, which is an essential feature for married couples.

Ownership by a single party does not align with tenant by the entirety, as it specifically involves two people. Options discussing equal division in case of sale or ownership without the right of survivorship do not represent the nature of tenant by the entirety, as those features apply to different forms of property ownership. Hence, the characterization of tenant by the entirety ownership as held by