Property Ownership
In New Mexico, which of the following is TRUE about tenancy by the entirety?
AIt is available to all co-owners in New Mexico
BNew Mexico does not generally recognize tenancy by the entirety; married couples typically use joint tenancy or community property✓ Correct
CIt requires court approval
DIt is only available for commercial properties
Explanation
New Mexico, as a community property state, generally does not recognize tenancy by the entirety as a separate form of co-ownership. Married couples typically hold property as community property or joint tenancy.
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