Which statement is true regarding tenants by the entireties?

Tenants by the entireties is a special form of co-ownership that is exclusively available to married couples. This ownership arrangement recognizes the unity of marriage, meaning that both spouses hold equal and undivided ownership of the property. Because of this unity, neither spouse can unilaterally transfer their interest in the property without the consent of the other, which provides strong protection against creditors and ensures that decisions regarding the ownership of the property must be made jointly.

This characteristic of tenancy by the entirety distinguishes it from other forms of co-ownership, such as joint tenancy or tenancy in common, where individuals can hold interests independently or may be non-married persons. The requirement for both parties to be married is fundamental to this ownership structure, highlighting its legal uniqueness and protection for couples.

Understanding this arrangement is crucial for questions related to property ownership laws and marital rights, and it underscores the importance of recognizing the marriage bond in property ownership matters.