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A Montana real estate instructor is teaching a class on property ownership forms recognized under Montana law. Which of the following is NOT a form of concurrent ownership recognized under Montana law?

Correct Answer

C) Tenancy by the entirety between spouses

Tenancy by the entirety is a form of co-ownership available exclusively to married couples in states that recognize it. Montana does NOT recognize tenancy by the entirety. Montana is not a community property state and does not have this ownership form in its statutes. Married couples in Montana who wish to co-own property typically take title as joint tenants or tenants in common.

Answer Options
A
Joint tenancy with right of survivorship
B
Tenancy in common with unequal shares
C
Tenancy by the entirety between spouses
D
Ownership in severalty held by a Montana LLC

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Related Topics & Key Terms

Key Terms:

tenancy_by_entiretyco_ownershipownership_typesmontana_specificreverse_question

Related Concepts

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.

Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.

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