Illinois Code § 765 ILCS 120/3

For the purposes of this Act the word "owner" shall include not
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only the owner of fee simple title, but also the owner of any other
interest in the land, including, without limitation, a contract purchaser,
a lessee, and a life tenant. Provided, any conveyance shall bind only the
interest of the grantor, nor shall any conveyance by a party having a limited
interest be made if it violates the provisions of the instrument under which
such grantor holds.

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