Principles of Real EstateQuestion 10 of 120
Ownership of real property by one individual or entity alone is called ownership in:
a.Common
b.Severalty
c.Joint tenancy
d.Partnership
Explanation
Ownership in severalty means title is held by a single person or a single legal entity. The word derives from the idea that the owner is 'severed' from other owners. It contrasts with the various forms of concurrent (co-)ownership.
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