Which ownership type recognizes joint ownership by married couples with rights upon death?

The correct ownership type that recognizes joint ownership by married couples with rights upon death is Tenancy by the Entirety. This form of ownership is specifically designed for married couples, allowing them to hold property jointly with distinct legal protections. One of the key aspects of Tenancy by the Entirety is that it includes the right of survivorship. This means that if one spouse passes away, the surviving spouse automatically inherits the deceased spouse's share of the property, avoiding probate and simplifying the transfer of ownership.

In contrast, Community Property refers to a system in which both spouses equally own property acquired during the marriage, but it does not specifically address what happens upon the death of a spouse. While it does provide for equal ownership, it doesn't have the automatic transfer features that Tenancy by the Entirety does. Tenancy in Common allows for ownership by multiple individuals but does not include the right of survivorship; thus, a deceased owner's share can be inherited by their heirs rather than passing directly to the surviving owners. A Cooperative is a different structure altogether, where individuals own shares in a corporation that owns the property, rather than owning physical property jointly.

Tenancy by the Entirety, therefore, is unique in its provision for automatic inheritance rights among married partners,