How is the land owned by Widget Corporation for their new manufacturing facility?

The land owned by Widget Corporation for their new manufacturing facility is owned as an estate in severalty, which refers to land that is owned by a single individual or entity, in this case, the corporation itself. When a corporation holds property in severalty, it means that the corporation has the full rights and ownership of the land without any shared interests with other parties. This ownership structure is common for businesses that require sole possession of their property to operate effectively, as it allows them complete control over the decisions regarding the use, development, and management of the land.

The other ownership forms, such as joint tenancy or tenancy in common, involve multiple owners who share the rights to the property. Joint tenancy includes features like right of survivorship, which does not apply here since the property is solely owned by Widget Corporation. Tenancy in common allows for shared ownership among different parties, which is again inconsistent with the scenario as only one entity holds the title to the land. Without additional information indicating shared ownership or co-tenancy, we can confidently conclude that the property is owned as an estate in severalty.