Which term describes ownership of real property by one person only?

Which term describes ownership of real property by one person only?

• A. Shared ownership among multiple persons
• B. Ownership by a group of heirs
• C. Ownership of real property by one person only, also called sole ownership
• D. Ownership by two or more persons with equal rights

Answer: (C)

Ownership by a single person is sole ownership, also known in legal terms as tenancy in severalty. When one person holds the title, they have full control over the property, can sell or encumber it, and are solely responsible for its obligations. This stands in contrast to forms of ownership where two or more people share rights, such as ownership by heirs, shared ownership among multiple people, or two or more people with equal rights (joint tenancy or tenancy in common). The option describing ownership by one person, labeled as sole ownership, matches this concept exactly.

Ownership by a single person is sole ownership, also known in legal terms as tenancy in severalty. When one person holds the title, they have full control over the property, can sell or encumber it, and are solely responsible for its obligations. This stands in contrast to forms of ownership where two or more people share rights, such as ownership by heirs, shared ownership among multiple people, or two or more people with equal rights (joint tenancy or tenancy in common). The option describing ownership by one person, labeled as sole ownership, matches this concept exactly.