Property Ownership
Which of the following would terminate a joint tenancy in Illinois?
AOne joint tenant leasing their interest to a third party
BOne joint tenant conveying their interest to a third party✓ Correct
COne joint tenant taking out a mortgage on their interest
DOne joint tenant failing to pay their share of property taxes
Explanation
In Illinois, a joint tenant can sever the joint tenancy by conveying their interest to a third party (or even to themselves via a deed). This destroys the four unities required for joint tenancy and converts the ownership to tenancy in common with the remaining owners.
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