What characterizes ownership as tenants by the entireties?

Ownership as tenants by the entireties is a unique form of property ownership that is specifically available to married couples. This arrangement provides certain legal benefits and protections, including the right of survivorship, which means that if one spouse passes away, the surviving spouse automatically receives full ownership of the property. This form of ownership operates under the principle that the spouses are viewed as a single legal entity regarding the ownership of the property, which is why both owners must be married to create such an arrangement.

The other options do not align with the characteristics of tenants by the entireties. For example, the arrangement cannot exist between unmarried individuals; it is not restricted to just rental properties but can involve any type of property owned by a married couple. Additionally, under tenants by the entireties, neither spouse can unilaterally sell their interest in the property without the consent of the other, further highlighting the collaborative nature of this form of ownership.