Sole ownership may be described as ownership by an individual or other entity capable of acquiring title. Examples of common vesting cases of sole ownership are:
Single Man/Woman
A man or woman who is not legally married or in a registered domestic partnership. For example: Bruce Buyer, a single man.
An Unmarried Man/Woman
A man or woman who was previously married and is now legally divorced. For example: Sally seller, an unmarried woman.
A Married Man/Woman as His/Her Sole and Separate Property
A married man or woman who wishes to acquire title in his/her name alone. The title company insuring title will require the spouse of the married man/woman acquiring title to specifically disclaim or relinquish his/her right, title and interest to the property. This establishes that it is the desire of both spouses that title to the property be granted to one spouse as that spouse’s sole and separate property. For example: Bruce Buyer, a married man, as his sole and separate property.
A Registered Domestic Partner as His/Her Sole and Separate Property
A registered domestic partner who wishes to acquire title in his/her name alone. The insuring title company will require the domestic partner of the person acquiring title to specifically disclaim or relinquish his/her right, title and interest to the property. This establishes that it is the desire of both domestic partners that title to the property be granted to one partner as that partner’s sole and separate property. For example, Sally Seller, a registered domestic partner, as her sole and separate property.