What is a characteristic of "tenancy by the entireties"?

"Tenancy by the entireties" is indeed a shared ownership structure exclusively for married couples. This legal form of joint property ownership is unique because it recognizes the married couple as a single legal entity rather than two separate individuals. As a result, both spouses hold an equal and undivided interest in the property, meaning neither spouse can sell or transfer their interest in the property independently without the consent of the other.

This characteristic promotes financial protection and allows for rights and privileges that are not available in other forms of co-ownership, such as joint tenancy or tenancy in common. In the event of a divorce, the property typically becomes subject to division based on marital property laws, but while the marriage is intact, it provides strong protections and benefits to both parties involved.

Other options mention elements of joint ownership or property division but do not capture the specific and exclusive nature of "tenancy by the entireties" as it applies only to married couples, which is a defining aspect of this type of ownership.