"Estate in severalty" is a legal term used in property law to describe a situation in which a person or entity owns an entire property outright and solely, without sharing the ownership with anyone else. It refers to a form of ownership where a single individual or entity possesses full control, management, and rights over the property, having exclusive ownership without the need for co-owners, tenants, or other parties.
In an estate in severalty, the owner has the right to possess, use, and transfer the property independently, without the need to consult or obtain consent from others. The term is primarily used in common law jurisdictions, such as the United States and England, and is often contrasted with "estate in common" or "joint tenancy," which involve shared ownership by multiple individuals or entities.
This form of ownership allows for complete autonomy over the property, including decisions related to its use, development, and disposition. Individuals or entities holding an estate in severalty have the power to sell, lease, mortgage, or gift the property without any need for consent from others, making it an attractive option for those who desire full control over their property.
Overall, an estate in severalty refers to a legal arrangement where a person or entity holds exclusive ownership rights and possessory interests over a property, maintaining full control without the involvement of co-owners or partners.
