What type of ownership allows married couples to hold property together with rights of survivorship?

The type of ownership that allows married couples to hold property together with rights of survivorship is tenancy by the entirety. This form of ownership is specifically designed for married couples, where both spouses have equal and undivided interests in the property. One of the key features of tenancy by the entirety is the right of survivorship, meaning that if one spouse passes away, the other automatically inherits the deceased spouse's interest in the property without the need for probate, ensuring a smooth transfer of ownership.

Unlike joint tenancy, where ownership can exist between any two individuals (not limited to spouses) and can be severed by either party, tenancy by the entirety creates a stronger legal bond intended for marriage. It reinforces the unity of the couple by making it impossible for one spouse to unilaterally transfer their interest without the consent of the other. This provides a layer of protection for the property from the creditors of one spouse.

Tenancy in common, on the other hand, does not offer rights of survivorship and allows for unequal ownership shares, which is not applicable to married couples wishing to maintain equal rights. Condominium ownership refers to a type of property arrangement rather than a specific form of ownership between spouses. Therefore, the best answer in the context of married