Who can hold title as tenants by the entireties?

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

Tenancy by the entirety is a specific form of joint ownership of property that is recognized primarily for married couples. This arrangement allows both spouses to have equal and undivided interest in the jointly owned property, along with certain legal protections that apply to this type of ownership. One of the key features of tenancy by the entirety is that neither spouse can sell or transfer their interest in the property without the consent of the other, which promotes a financial unity between the couple.

In most jurisdictions where tenancy by the entirety is recognized, the law specifically stipulates that only married couples can hold property in this manner. This distinguishes it from joint tenancy or tenancy in common, which can be held by individuals who are not married or even by groups of people such as friends or business partners. Therefore, the answer identifying husband and wife as the correct holders of title by the entireties reflects the legal framework surrounding this form of ownership.

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