Property Ownership
Which type of property ownership is held by one person or entity alone in Rhode Island?
AJoint tenancy
BTenancy in common
CSeveralty✓ Correct
DTenancy by the entirety
Explanation
Ownership in severalty means one person or entity holds title alone, without co-owners. 'Severalty' comes from 'severed' from others.
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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.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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