In Florida, what is the legal effect when a married couple takes title to real property without specifying the form of ownership?
Correct Answer
B) The property is held as tenants by the entirety
Correct: Under Florida law, when married couples take title without specifying the form of ownership, there is a presumption that they hold as tenants by the entirety. Why not A: Joint tenancy must be specifically created with express language. Why not C: Tenancy in common is not the default for married couples in Florida. Why not D: The deed is valid; Florida law provides the default ownership form.
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ABC Corporation owns a shopping center in Jacksonville. The corporation wants to create a timeshare plan for the retail spaces. Under Florida timeshare law, what is required before marketing can begin?
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