Property Ownership
In NC, what happens to a joint tenancy when one joint tenant sells their interest to a third party?
AThe joint tenancy continues with the new person as a joint tenant
BThe joint tenancy is severed as to that interest, creating a tenancy in common between the purchaser and the remaining joint tenants✓ Correct
CThe entire joint tenancy is dissolved
DThe remaining joint tenants must buy out the new owner
Explanation
In NC, when one joint tenant conveys their interest, the joint tenancy is severed as to that share — the new owner becomes a tenant in common with the remaining joint tenants, while the remaining joint tenants continue as joint tenants among themselves.
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