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LSDefine

Simple English definitions for legal terms

severalty

Read a random definition: execution creditor

A quick definition of severalty:

Term: SEVERALTY

Definition: When people own land in severalty, it means that each person owns their own piece of land separately. They are not sharing it with anyone else. It's like having your own toy that you don't have to share with your siblings.

A more thorough explanation:

SEVERALTY

Severalty means being separate or distinct from others.

The landowners held the land in severalty, not as joint tenants.

This means that each landowner owned their own piece of land separately, rather than owning it together with others. The term "severalty" is often used in real estate law to describe the ownership of property by one person or entity, rather than by multiple people or entities together.

After the divorce, the couple divided their assets in severalty, with each person taking ownership of specific items.

In this example, the term "severalty" is used to describe how the couple divided their assets separately, with each person taking ownership of specific items. This is another common use of the term in legal contexts.

several tenancy | severance tax

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