Property Ownership
What is 'tenancy by the entirety' and how does it work in Delaware?
AA form of co-ownership available to any two persons that requires equal shares
BA form of joint ownership available only to legally married spouses, with right of survivorship and protection from one spouse's individual creditors✓ Correct
CA form of ownership where each spouse owns 50% as tenants in common
DA leasehold tenancy that continues for the entirety of the tenant's natural life
Explanation
Tenancy by the entirety is a special form of co-ownership available only to married spouses. It includes right of survivorship and — importantly — protection from the individual creditors of either spouse (creditors of both spouses together can reach the property). Delaware recognizes tenancy by the entirety for married couples.
Related Delaware Property Ownership Questions
- Riparian rights in Delaware grant a property owner:
- What is a 'cooperative' (co-op) as a form of property ownership in Delaware?
- What is an 'air right' in Delaware real estate?
- The bundle of rights in real estate ownership includes the right to:
- In Delaware, which form of co-ownership includes the right of survivorship?
- What is a 'limited liability company' (LLC) and why is it commonly used to hold Delaware real estate?
- Tenancy in common in Delaware is characterized by:
- A Delaware property owner's land is crossed by a public utility line. This is most likely a(n):
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