ownership in severalty

how an individual takes ownership of real property

Ownership in severalty is how a single person takes ownership of real property. An individual who owns property is a very clean and simple situation. The complication comes in when multiple people own property. That is when the types of tenancy come into play. There is joint tenancy, common tenancy, community property tenancy and partnership tenancy. These concepts are all quite complicated because they deal with multiple people owning the same property. Ownership in severalty is how a single person takes ownership of real property.

Multiple Choice Question

ownership in severalty
A how multiple people take ownership of property
B freely-made mutual consent
C how an individual takes ownership of real property
D an owner who breaks away from property by selling it

Correct Answer: c

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This word appears in the book Vocab-U-Bee California CA Real Estate License Exam Top Pass Words

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