Oregon Real Estate Practice Test 2025 – Your All-in-One Guide to Exam Success!

Question: 1 / 400

What does "Tenancy in severalty" refer to?

Joint ownership of a property

Sole ownership of a property

"Tenancy in severalty" refers to sole ownership of a property, meaning that an individual holds the title to the property alone without any co-owners. This form of ownership gives the individual full control, rights, and privileges associated with the property, and they can make decisions regarding the property independently, such as selling or transferring ownership without needing consent from others.

This type of ownership is distinguished from other forms, such as joint ownership, which involves multiple individuals sharing ownership rights, or ownership by a couple, which often implies a marital or partnership relationship. It is also different from partnership ownership, where multiple parties hold legal interests in the property together. In "tenancy in severalty," the focus is entirely on one individual's ownership and control over the property.

Get further explanation with Examzify DeepDiveBeta

Ownership by a couple

Partnership ownership of property

Next Question

Report this question

Download Oregon Real Estate Practice Test PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy