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Realty ownership in severalty refers to a property ownership structure where a single individual or entity holds title to a property exclusively, without any co-owners. This means the owner has full control over the property and can make decisions regarding its use, sale, or lease independently. The term is often used to contrast with joint ownership arrangements, such as tenancy in common or joint tenancy. In severalty, the owner assumes all rights and responsibilities related to the property.

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1w ago

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