In North Carolina, if a married couple wishes to own property together, which type of ownership is required?

Tenancy by the entirety is the correct type of ownership for married couples in North Carolina who wish to own property together. This form of ownership is specifically designed for married couples and offers several advantages, including the right of survivorship, which means that if one spouse dies, the other automatically inherits the deceased spouse's interest in the property. This type of ownership also provides protection from creditors; the property cannot be seized to satisfy the debts of just one spouse.

In contrast, tenancy in common allows multiple owners to have distinct shares of the property, which can be sold independently and does not include the right of survivorship. Joint tenancy also involves multiple owners but typically does not provide the same level of protection and can be severed by one owner. Commonhold is not a recognized form of property ownership in North Carolina law for married couples. Therefore, tenancy by the entirety is the most suitable and commonly utilized form for married couples to collectively own property in the state.