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Definitions for "SOLE OWNERSHIP"
Keywords:  severalty, relinquish, divorced, ownership, probate
Related Terms: Co-ownership, Severalty ownership, Tenancy in severalty, Tenancy in common, Vesting, Joint ownership, Joint tenancy, Joint property, Co-tenancy, Tenants-in-common, Tenancy-in-common, Tenants in common, Joint tenancy with right of survivorship, Tenancy by the entirety, Tenancy by entirety, Tenancy by the entireties, Tenants by the entirety, Severalty, Concurrent ownership, Joint tenants, Cotenancy, Tenant in common, Tenancy, Joint tenants with rights of survivorship, Tenure, Undivided interest, Right of survivorship, Tenure in land, Fee simple, Survivorship, Ownership, Seizin, Fee simple ownership, Seisin, Legal title, Fee simple estate, Owner, Unity of possession, Freeholder, Legal owner, Life estate, Land trust, Escheat, Feuhold, Freehold, Joint tenants with right of survivorship, Feoffment, Reservation, Title, Jtwros
Type of property ownership where one individual holds legal title to property and has full control of property.
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Title held as sole ownership can be held as 1) A Single Man/Woman (someone never married); 2) An Unmarried Man/Woman (someone divorced); 3) A Married Man/Woman, as His/Her Sole and Separate Property (the spouse consents to relinquish all right, title, and interest in the property). Compare Sole Ownership to Co-Ownership.
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Ownership of property by a single person or entity.
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Keywords:  proprietorship, obligations, business, owned, rights
Sole proprietorship. Business owned by one person having all the rights and obligations.
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