California · Chapter 02 of 59
Types of Ownership and Vesting
Sole ownership, joint tenancy, tenancy in common, community property, community property with right of survivorship, and tenancy in partnership.
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sole ownershipjoint tenancytenancy in commoncommunity propertycommunity property with right of survivorshipfour unitiesseveralty
Sole Ownership (Ownership in Severalty)
Ownership in severalty means a single person or entity owns the property alone. The name is counterintuitive: 'severalty' refers to ownership being 'severed' from any co-ownership, not to multiple owners. A corporation or LLC owning property is considered sole ownership because the entity is a single legal person.
Civil Code §681
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