In California, a single individual purchases a home using only their own funds. This person holds title in:
Correct Answer
B) Severalty (sole ownership)
When a single individual owns property alone, without any co-owners, the ownership is held in severalty (also called sole ownership or ownership in severalty). The term 'severalty' means the owner is 'severed' from all other owners — they hold the entire interest alone.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Building codes are government regulations that set minimum standards for construction, materials, design, and safety in buildings. They protect public health and safety by ensuring structures are built to acceptable standards.
A certificate of occupancy (CO) is an official document issued by the local building department certifying that a building complies with building codes and is safe for occupancy. It is required before a building can be legally occupied.
A conditional use permit (also called a special use permit) allows a land use that is not automatically permitted by zoning but may be allowed under certain conditions. The use must be compatible with the surrounding area.
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