Several tenancy (also called Tenancy in Severalty is property ownership by one person rather than ownership by more than one person. Several ownership is fee simple ownership by one person. Several tenancy is also called Tenancy in Severalty or Sole Tenancy. When a several tenant dies the property is probated and passed on to the heirs.
|•||The term several comes from severed meaning no others have interest in the real estate.|
|•||Several ownership means there are no joint owners.|
|•||A corporation or government often owns property as tenancy in severalty.|
|•||Others may have interest in the real estate but actual ownership is by one person. Other interests may be a lien, easement, or mortgage. These are not ownership interests.|