Tenancy by Entirety by State: what you Need To Know Tenancy by Entirety (TBE) is a type of residential or commercial property ownership that is acknowledged in 25 states across the U.S. Essentially, occupancy by the entirety, or tenancy by entirety, allows married couples to own residential or commercial property as a single undistracted legal entity. However, the laws surrounding TBE can be intricate and differ from one state to another. This guide provides a complete take a look at how TBEs work, consisting of the advantages and downsides of this type of ownership. Tenancy by whole most typically refers to realty assets, but in some states, it can apply to personal residential or commercial property as well. In states that permit TBE status for individual residential or commercial property, it can apply to different types of personal residential or commercial property, consisting of assets such as bank accounts, stocks and securities, trip homes, and other kinds of residential or commercial property. What Is Tenancy by Entirety? Tenancy by Entirety (TBE) is a kind of residential or commercial property ownership just available to married couples. Under TBE, both spouses own the entire residential or commercial property together instead of owning separate shares. This indicates that if one partner died, the surviving spouse would immediately inherit the whole residential or commercial property. TBE supplies specific legal protections, such as protecting the residential or commercial property from the creditors of one spouse. Each spouse has an undistracted and equivalent interest in the residential or commercial property. TBE produces a right of survivorship that provides full title to the residential or commercial property to the surviving partner. How Does TBE Work?