What is a significant characteristic of severalty ownership?

A significant characteristic of severalty ownership is that it refers to ownership held by a single individual or entity. This form of ownership signifies that one person or one legal entity, such as a corporation, has complete control over the property. In severalty ownership, the individual has the sole rights to make decisions regarding the property, including selling, leasing, or using the property as they see fit without needing consent from others.

Shared ownership among multiple parties, ownership held through a trust, and ownership limited to a specific use describe different forms of property ownership. Shared ownership typically involves co-ownership arrangements like joint tenancy or tenancy in common, where multiple parties hold interests in the property together. Ownership through a trust involves a trustee managing the property for the benefit of beneficiaries, which introduces another layer of complexity to ownership, as it is not singular. Ownership limited to a specific use often pertains to easements or other unique agreements regarding how a property can be used, contrasting with the complete authority found in severalty ownership.