Mortgage Loan Originator (MLO) Licensing Practice Test 2026 – Your All-in-One Guide to Exam Success!

Tenancy by the entirety is a special form of joint ownership that is available exclusively to married couples. This type of ownership provides certain legal benefits, such as protection from the creditors of one spouse and the right of survivorship, meaning that if one spouse dies, the entire property automatically goes to the surviving spouse.

Unmarried individuals do not qualify for this form of ownership because it is specifically designed to uphold the legal relationship between spouses. Instead, unmarried individuals typically have to resort to other forms of property ownership, such as joint tenancy or tenancy in common, which do not offer the same legal protections and benefits associated with tenancy by the entirety.

The other choices suggest scenarios that may allow for tenancy by the entirety under certain conditions or documentation, but those possibilities are not applicable to the fundamental requirements of this ownership type. Therefore, it is accurate to state that unmarried individuals do not have access to tenancy by the entirety.