Tenancy by the Entirety
This lesson is the third of several addressing the various relationships resulting in the concurrent ownership of property. It is designed to introduce Property students to this tenancy form. The lesson progresses from addressing the traditional elements required to create a tenancy by the entirety, the resulting right of survivorship and the events severing the tenancy. Also, it deals with the status of the tenancy by the entirety under modern statutes.
On completion of the lesson, the student will be able to:
1. Define Tenancy by the Entirety.
2. List the critical components of Tenancy by the Entirety.
3. Report how modern jurisdictions treat Tenancy by the Entirety.
4. Explain how a Tenancy by the Entirety is legally terminated.