A primary advantage of owning a property in severalty is:

• A. Tax advantages
• B. Limited liability
• C. Joint management
• D. Flexibility

Answer: (D)

Owning in severalty means title is held by a single owner, giving that owner full control over how the property is used, financed, leased, or sold without needing anyone else’s consent. That unilateral control is the main source of flexibility: decisions can be made quickly, and transfers or changes to how the property is managed can be done without coordinating with other owners.

Limited liability isn’t inherent to sole ownership; it depends on the ownership form (for example, a corporation or LLC provides liability protection, not necessarily a sole proprietor). Joint management implies multiple owners working together, which isn’t the case in severalty. Tax advantages vary with circumstances and aren’t guaranteed simply by owning in severalty.