BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In real estate and estate planning, a property with only one owner is said to be “tenancy in severalty, ” also known as “ownership in severalty.” The idea behind the term is that an owner is “severed” from other owners and holds sole ownership.

Detailed explanation-2: -The term comes from the fact that a sole owner is severed or cut off any right to ownership from other owners. The owner in severalty has sole rights to the property and sole discretion to sell, will, lease, or otherwise transfer part or all of the ownership rights to another person.

Detailed explanation-3: -Individual ownership/ sole ownership of property When a property is bought and registered in the name of one individual, s/he alone holds the ownership title of the property. This type of ownership is known as sole ownership or individual ownership of property.

Detailed explanation-4: -Co-owners mean all the owners of a property. If the property is owned by more than one person, it is called joint ownership. In case of coparcenary, the male members and daughters have a common and an equal interest in ancestral property.

Detailed explanation-5: -Co-ownership, or joint ownership, is when two or more persons hold title to the same property. In case of co-ownership of property, two or more persons jointly own a property with a right to common possession and use.