How does tenancy by the entirety differ from other forms of co-ownership?

Tenancy by the entirety is a unique form of co-ownership that is specifically designed for married couples. This type of ownership creates a legal entity that treats the couple as a single entity, which has specific legal implications, especially regarding the transfer of property and rights of survivorship.

One of the most significant distinctions of tenancy by the entirety is that it only applies to spouses. This ensures that both parties have equal interest in the property and that neither can unilaterally make decisions about the property without the other’s consent. This is in contrast to other forms of co-ownership such as joint tenancy or tenants in common, where ownership can extend to individuals who are not married to each other and may allow for unequal shares or different rights concerning the property.

The other options do not accurately describe the characteristics of tenancy by the entirety. For example, one key feature of this arrangement is the requirement for equal shares, and both parties must agree to any sale or transfer, providing protection to both owners. Thus, the unique restriction to married couples is what firmly establishes the nature of tenancy by the entirety compared to other co-ownership forms.