What is the term for property ownership by a single individual or entity?

Ownership in severalty refers to the legal designation of property ownership by a single individual or entity, meaning that one person holds the title to the property solely. This type of ownership grants the individual complete control over the property and the ability to make decisions entirely independent of others.

In ownership in severalty, the owner can manage, transfer, or sell the property without needing consent or cooperation from anyone else. This contrasts notably with other forms of co-ownership, such as joint tenancy and tenancy in common, where multiple parties share ownership rights, leading to different legal implications for transfer, inheritance, and usage.

Recognizing this unique characteristic of ownership in severalty is crucial for understanding real estate law, as it highlights the rights of individual property owners in comparison to those who share ownership with others.