A person who owns property alone is known as what?

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Multiple Choice

A person who owns property alone is known as what?

Explanation:
Owning property alone is tenancy in severalty. That term means one person holds the title by themselves, with exclusive rights to use, sell, or encumber the property. There are no co-owners, so there’s no right of survivorship or shared ownership. Other forms involve multiple parties or specific life/marital conditions. A life tenant holds a life estate, with rights limited to the duration of a life. Joint tenancy requires two or more owners with a right of survivorship. Tenancy by the entirety is ownership by a married couple with survivorship.

Owning property alone is tenancy in severalty. That term means one person holds the title by themselves, with exclusive rights to use, sell, or encumber the property. There are no co-owners, so there’s no right of survivorship or shared ownership.

Other forms involve multiple parties or specific life/marital conditions. A life tenant holds a life estate, with rights limited to the duration of a life. Joint tenancy requires two or more owners with a right of survivorship. Tenancy by the entirety is ownership by a married couple with survivorship.

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