If Mega Corporation owns real property, chances are it owns it in ______.

When a corporation like Mega Corporation owns real property, it is typically held in severalty. This means that the corporation is the sole owner of the property, distinct from individual or shared ownership structures. In severalty, the entity has complete control over the property, can sell it, lease it, or otherwise manage it without the need to consult with others who might share ownership, as there are no co-owners.

In contrast, the other ownership forms are more aligned with personal or partnership ownership. For instance, joint tenancy and tenancy in common both involve multiple owners sharing an interest in the property, which is not the case for a corporation that holds property solely in its name. Community property applies predominantly to married couples in certain jurisdictions, which again doesn't fit with the corporate ownership structure. Thus, severalty is the most appropriate designation for how a corporation like Mega Corporation would hold real property.