Property Ownership
Tenancy by the entirety in NJ is available only to:
ABusiness partners
BMarried couples✓ Correct
CSiblings
DCorporations
Explanation
Tenancy by the entirety is a form of co-ownership available only to married couples (or civil union partners in NJ), providing protection against one spouse's individual creditors.
Related New Jersey Property Ownership Questions
- Under NJ law, a 'trust deed' (deed of trust) is sometimes used instead of a mortgage to secure a real estate loan. In a trust deed arrangement, who holds legal title to the property?
- In NJ, probate of a decedent's estate is handled by the:
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