Maureen agrees to sell her interest in the farm to Joe. Maureen and her husband, Bill, hold the property as tenants by the entireties. What consequence?

A) There is no sale.
B) The sale severs the tenancy and creates a joint tenancy.
C) The sale transfers one-half interest in the land.
D) The sale results in a partition of the land.

Tenants by the Entireties

A form of joint tenancy of property that provides rights of survivorship and is available only to a Husband and Wife.

Joint Tenancy

A form of co-ownership where parties own property equally with the right of survivorship, meaning upon the death of one tenant, their share passes to the surviving tenant(s).

Tenancy

Tenancy is a legal term describing the possession and use of land or property rented from another, establishing rights and responsibilities between landlord and tenant.