Property OwnershipIntermediateAlabama Exam

Severalty ownership means the property is owned by:

ASeven or more persons

BA corporation only

COne person or entity aloneCorrect

DJoint tenants with survivorship rights

Why One person or entity alone Is Correct

Answer C: One person or entity alone

Ownership in severalty means the property is owned entirely by one individual person or entity, with no co-owners.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

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Key Terms to Know

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Easement

A non-possessory right to use another person's land for a specific purpose.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.