What is true about ownership in severalty?

Ownership in severalty refers to a form of property ownership where a single individual holds title to a property, meaning they have complete control over the property without any co-owners. This is often termed as sole ownership. The individual has the right to sell, lease, or transfer the property independently, without the need for approval or consent from others.

In this context, the term "severalty" underscores the individual nature of ownership, distinguishing it clearly from joint ownership situations, where multiple parties share ownership rights. Ownership in severalty allows for full enjoyment of the rights and benefits of the property by one person alone. Thus, the characterization of ownership in severalty as another term for sole ownership accurately captures its essence and legal implications.

The other options describe concepts that do not apply to ownership in severalty, such as joint ownership, transferability, and the requirements for heirs, which are not relevant in the context of an individual owning property independently.