Daily Real Estate Vocab is here!

Today we discuss the term: Ownership in Severalty

The Income Approach is:
Means one person owns the property.

It's important to note that the "individual" that owns the property in severalty may be a corporation or legal entity. So in other words, when real estate is owned by a single person or legal entity it is an ownership in severalty.

To remember this think of the word "severed," which means separated from. The name itself is actually derived from the fact that the owner is "severed" from other owners.

For more vocab terms check out our ultimate guide here: [ Ссылка ]

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