When real property title is held in the name of one individual or entity, it is known as ownership in what?

When real property title is held in the name of one individual or entity, this is referred to as ownership in severalty. This form of ownership indicates that one sole owner has complete control and rights over the property, free from any claims or interests of others. The term "severalty" originates from the concept of "severing" ownership from others, emphasizing exclusive title.

In contrast, the other terms represent different forms of ownership. Joint tenancy involves two or more individuals sharing ownership, with rights of survivorship allowing the property to pass to the surviving owner(s) upon death. Tenancy by the entirety is a specific form of joint ownership applicable only to married couples, which also includes rights of survivorship but requires the co-owners to be married. Community property refers to a system in which property acquired during marriage is owned jointly by both spouses, regardless of whose name is on the title.

Understanding ownership in severalty is crucial for recognizing how individual property rights function in real estate, especially when addressing issues related to ownership transfers, inheritance, and estate planning.