What is tenancy by the entirety and who can hold it?

Tenancy by the entirety is a form of co-ownership available only to married couples in states that recognize it. It includes the right of survivorship like joint tenancy but adds additional protection: neither spouse can sell or encumber their interest without the other's consent, and creditors of only one spouse generally cannot attach the property. Both spouses are treated as a single legal entity for ownership purposes. Divorce automatically converts tenancy by the entirety to tenancy in common, removing the survivorship protection and allowing independent transfer of interests.