What does it mean if a property is owned in severalty?

What does it mean if a property is owned in severalty?

• A. It is owned by a group of individuals
• B. It excludes all others from having any claim
• C. It has a shared ownership structure
• D. It cannot be sold or transferred

Answer: (B)

When a property is owned in severalty, it means that the title is held by a single individual, which effectively excludes all others from having any claim to that property. This form of ownership signifies complete control and ownership over the property by one person, allowing them to make decisions regarding its use, sale, or transfer without needing consent from others. Such ownership is distinct from joint ownership arrangements that involve multiple parties, which may require collective agreement for any decisions regarding the property.

When a property is owned in severalty, it means that the title is held by a single individual, which effectively excludes all others from having any claim to that property. This form of ownership signifies complete control and ownership over the property by one person, allowing them to make decisions regarding its use, sale, or transfer without needing consent from others. Such ownership is distinct from joint ownership arrangements that involve multiple parties, which may require collective agreement for any decisions regarding the property.