Property Ownership

In Florida, when a married couple purchases a home as 'tenants by the entireties,' they:

AEach own a 50% interest that can be sold independently
BTogether own the entire property, with right of survivorship, and neither can convey their interest without the other's consent✓ Correct
CHave the same rights as joint tenancy
DMust convert to individual ownership upon divorce

Explanation

Tenancy by the entireties in Florida (available only to married couples) treats the couple as a single legal entity. Neither spouse can convey their interest without the other's consent, and the property passes automatically to the survivor upon one spouse's death.

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