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What type of ownership do most corporations use to hold real property?
Comprehensive and Detailed Explanation:
A corporation is a single legal entity, separate from its shareholders. When it holds title to real property, ownership is in severalty, meaning ''sole'' ownership by one legal person. Unlike joint tenancy or tenancy in common, there are no co-owners in severalty; the corporate entity alone holds all rights of ownership. This principle is highlighted in the ownership portion of the Maryland pre-licensing curriculum.
Maryland 60-Hour Principles and Practices Course -- ''Forms of Real Estate Ownership'' Topic; Maryland Real Property Article 1-101 (definition of person includes corporation).
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