What happens to joint tenancy when one owner conveys interest to a friend?

In joint tenancy, each owner holds an equal share of the property with the right of survivorship, meaning if one owner dies, their share automatically passes to the remaining joint tenants. When one owner conveys their interest to another party, that interest is severed from the joint tenancy, as joint tenancy requires that all owners hold their interests together.

As a result, the remaining owners continue as joint tenants with each other. The newly added owner does not have the same rights as the original joint tenants, as they do not possess the right of survivorship concerning the remaining owners. Instead, the new owner will likely have a separate and distinct form of ownership, commonly described as severalty, which does not include participation in the joint tenancy's survivorship rights.

The transition from joint tenancy to separate ownership for the new party alters the structure, but it does not affect the status of the other joint tenants, who retain their joint tenancy with respect to each other. Thus, the other two owners remain joint tenants, preserving their original rights and ownership structure.