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What is Tenancy in Severalty?

Tenancy in severalty, also referred to as ownership in severalty or sole and separate ownership, is the simplest and most straightforward form of property ownership. It means there's only one owner – an individual or a legal entity like a corporation – with complete control over the property.

Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate:

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