Property Ownership
When a Wisconsin property is held in joint tenancy and one owner sells their interest to a third party, the joint tenancy is:
AUnaffected; the third party becomes a joint tenant
BSevered as to that share; the third party becomes a tenant in common with the remaining joint tenants✓ Correct
CAutomatically converted to a life estate
DTerminated entirely and must be reformed
Explanation
Selling a joint tenancy interest severs the joint tenancy for that share. The third-party purchaser holds a tenancy in common interest with the remaining original joint tenants (who retain their joint tenancy with each other).
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