Which property ownership arrangement is recognized solely between spouses?

The property ownership arrangement recognized solely between spouses is Tenancy by the Entirety. This form of ownership is unique because it is designed specifically for married couples, creating a unified ownership interest in the property. Each spouse holds an equal share of the property, and this form of ownership provides certain legal protections that are not available with other types of joint ownership.

In Tenancy by the Entirety, when one spouse passes away, the surviving spouse automatically becomes the sole owner of the property, ensuring a smooth transfer of ownership without the need for probate. Additionally, this type of ownership may protect the property from creditors of one spouse, as it is viewed as an indivisible unit.

While Joint Tenancy with Right of Survivorship also allows for a right of survivorship, it is not exclusive to spouses, as individuals can hold property as joint tenants with anyone. Common Law Ownership and Life Estate also do not specifically pertain to married couples, making Tenancy by the Entirety the correct answer for an arrangement that is recognized solely between spouses.