What is meant by sole ownership of property?

Sole ownership of property refers to a situation where property is owned by one individual without any shared interests or co-ownership with others. This type of ownership means that the sole owner has complete control over the property, including the rights to use, sell, or otherwise dispose of it at their discretion. The individual holds full legal title and is solely responsible for any liabilities or obligations associated with that property.

In the context of real estate, sole ownership can provide the owner with a sense of security and freedom since they do not have to consult with or get permission from other owners when making decisions about the property. This ownership structure can also simplify the process of transferring property, as there is no need to negotiate with co-owners.

The other options describe forms of ownership that involve multiple parties or different arrangements, which do not align with the definition of sole ownership.