What type of ownership is characterized by no co-owners and full control by one individual?

The type of ownership characterized by no co-owners and full control by one individual is indeed referred to as Full Ownership. In this arrangement, the individual holds the title to the property outright, without any shared interest or co-ownership with others. This allows the owner to have complete authority over the property, including decisions about its use, management, and transfer, without needing consent from others.

In contrast, joint tenancy, shared ownership, and tenancy in common involve multiple parties having a stake in the property. Joint tenancy implies equal ownership among co-owners, with rights of survivorship, which means that upon the death of one tenant, their share passes directly to the surviving tenants. Shared ownership involves multiple individuals who may have varying degrees of ownership rights and responsibilities. Tenancy in common allows for ownership by two or more individuals, where each co-owner has an individual share that can be sold or transferred independently, but they do not have rights of survivorship.

Thus, Full Ownership distinctly highlights the absence of co-owners, reinforcing the concept of single-person control and responsibility for the property.