What is the meaning of severalty in property ownership?

Severalty in property ownership refers to the condition in which a single individual holds full and exclusive rights to a property. This means that the owner has complete control over the use and disposition of the property without sharing ownership rights with anyone else. In legal terms, ownership in severalty signifies that there are no co-owners involved, and the property is not joint or shared.

This form of ownership is one of the simplest and most straightforward types, providing the owner the ability to manage the property without the need for consensus from others. It is commonly seen in cases where an individual purchases property outright, such as a home or a piece of land, under their name alone.

The other options describe various forms of ownership that involve more than one party or a specific type of entity, which is contrary to the concept of severalty. For instance, shared ownership, temporary ownership, or ownership by a corporation all entail different arrangements that do not align with the definition of severalty.