Property Ownership
In Alaska, a 'tenancy by the entirety' (if recognized) is distinguished from joint tenancy because it:
ACan exist between any two parties
BIs reserved for married couples and cannot be severed by one spouse alone✓ Correct
CDoes not include the right of survivorship
DRequires equal ownership shares for all co-owners
Explanation
Tenancy by the entirety is a form of joint ownership exclusively for married couples. Unlike joint tenancy, neither spouse can unilaterally sever their interest — both must agree to convey or encumber.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
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