Multiple choice

Ownership by an individual person is known as

  1. Tenancy in Common

  2. Tenancy as Individual

  3. Severalty

  4. Tenancy of Entirity

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Ownership in severalty means that the property is owned by one person or a single legal entity exclusively. The term is derived from the fact that the owner's interest is severed from the interests of any other potential owners. Other options like tenancy in common and tenancy by the entirety involve multiple co-owners.