Spousal Ownership

Tenancy by the Entirety - Tenancy by the Entirety is a form of concurrent property ownership available only to married couples, where both spouses hold equal and undivided interest in the property with the right of survivorship. This type of ownership ensures that upon the death of one spouse, the surviving spouse automatically inherits the entire property, and the property cannot be sold or encumbered without the consent of both parties.

Class Information

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Identification

Label (rdfs)
Tenancy by the Entirety
Preferred Label
Spousal Ownership
Alternative Labels
Joint Spousal Tenancy, Marital Joint Ownership, Marital Property Ownership
Identifier
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Definition and Examples

Definition
Tenancy by the Entirety is a form of concurrent property ownership available only to married couples, where both spouses hold equal and undivided interest in the property with the right of survivorship. This type of ownership ensures that upon the death of one spouse, the surviving spouse automatically inherits the entire property, and the property cannot be sold or encumbered without the consent of both parties.
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Class Relationships

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Additional Information

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Deprecated
False

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