Real estate owned by a corporation is owned in:

Real estate owned by a corporation is categorized as ownership in severalty. When a corporation buys real estate, the property is held solely under the name of the corporation itself, rather than in joint ownership with individuals or other entities. This type of ownership means that the corporation, as a legal entity, has full rights to the property, including the right to manage, sell, or lease it independently of any personal interests of its shareholders or directors.

In severalty ownership, the title to the property is held by one entity, without sharing it with others. This is in contrast to forms of co-ownership, such as joint tenancy, where two or more parties collectively own the property with rights of survivorship, or tenancy in common, where multiple parties own a property and have individual shares which may be passed on to heirs.

By understanding this concept, one can see how corporate ownership structures differ fundamentally from those involving individual partners or other joint ownership scenarios.