Which form of ownership can only be held by a husband and wife?

Tenancy by the entireties is a unique form of property ownership that is specifically designed for married couples. This form of ownership offers several advantages, including the right of survivorship, which means that if one spouse passes away, the other automatically inherits the entire property without the need for probate. Additionally, it provides certain legal protections, such as shielding the property from the creditors of one spouse, which is particularly beneficial in preserving marital assets.

This form of ownership reflects the legal concept that in a marriage, both parties are viewed as a single legal entity when it comes to owning property. Because tenancy by the entireties can only be established between two spouses, it distinguishes itself from other forms of ownership, such as tenancy in common or joint tenancy, which can include individuals who are not married. Tenancy for years, on the other hand, pertains to lease agreements and is not relevant to ownership forms.