Property Ownership
Tenancy by the entirety in Maine is available only to:
ABusiness partners
BMarried couples✓ Correct
CParents and children
DAny two people who choose it
Explanation
Tenancy by the entirety is a form of co-ownership available only to married couples in Maine, offering protection from the individual debts of one spouse.
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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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
State-Specific Concepts
DRE Regulation
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