SOLE OR SEVERAL OWNERSHIP

SOLE OR SEVERAL OWNERSHIP

Sole or several ownership is defined to mean ownership by one person. Being the sole owner, one person
enjoys the benefits of the property and is subject to the accompanying burdens, such as the payment of taxes.
Subject to applicable federal and state law, a sole owner is free to dispose of property at will. Typically, only
the sole owner’s signature is required on the instrument of transfer/deed of conveyance. See Civil Code Section
681.