Which form of co-ownership is NOT recognized under Idaho law for married couples holding real property?
Correct Answer
C) Tenancy by the entirety
Idaho does not recognize tenancy by the entirety. This form of ownership, common in many eastern states, is reserved exclusively for married couples and is not part of Idaho's statutory framework. Idaho married couples may instead hold title as community property, community property with right of survivorship, joint tenancy, or tenancy in common.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
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