How will a corporation typically hold title to property?

A corporation typically holds title to property in severalty. This means that the property is owned by the corporation as a single entity, distinct from its shareholders or members. In severalty, the title is held solely by the corporation, allowing it to have full control and responsibilities related to the property, which can include the ability to sell, lease, or encumber the property without needing the consent of individual shareholders.

This ownership structure is beneficial for liability protection because the corporation can limit its liability for debts or actions related to the property. The corporation exists as a legal entity separate from its owners, which provides additional legal and financial protections.

The other forms of ownership pertain to different arrangements. Community property generally applies to marital property owned by spouses and is not relevant to corporate ownership. Joint tenancy involves two or more individuals owning property together with rights of survivorship, which is not applicable to corporations as they are not natural persons. Tenant in common allows for multiple parties to own a property, but they can own unequal shares and do not have rights of survivorship, which again does not fit how corporations hold property.