Property Ownership
Which of the following describes 'severalty' ownership of real property?
AOwnership shared among several co-owners
BOwnership by a single person or entity with no co-owners✓ Correct
COwnership subject to a life estate
DOwnership conditioned on the property being used for a specific purpose
Explanation
Ownership in severalty means the property is owned by one individual or entity alone, with no co-owners. The term comes from the owner being 'severed' from others.
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