Principles of Real EstateQuestion 23 of 120
A married couple in Florida who take title together as a legally protected form of co-ownership with survivorship rights typically hold title as:
a.Tenants in common
b.Joint venturers
c.Tenants by the entirety
d.Owners in severalty
Explanation
Tenancy by the entirety is a form of co-ownership available only to married couples in states such as Florida, and it includes rights of survivorship. It also offers protection from certain creditors of only one spouse. On the death of one spouse, the survivor owns the whole.
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