Voluntary transfer of title or possession from one party to another; legally recognized handing over to another of one's possessory rights.
Estate in severalty refers to property ownership by a single person or legal entity, with no shared aspect of control or ownership by others.
A limited partnership is a type of business entity in which at least one partner (the general partner) manages the business and is personally liable for the debts, while other partners (limited partners) contribute capital and have limited liability.
Tenancy in Common (TIC) involves the ownership of real property by two or more individuals where each has an undivided interest in the property, and unlike other forms of co-ownership, it does not include the right of survivorship.
