Conveyance (Transfer)
Conveyance, or transfer, refers to the legal process of transferring ownership of property or assets from one party to another. This can involve various types of property, including real estate, vehicles, and personal belongings. The process typically requires documentation, such as a deed for real estate, to ensure that the transfer is recognized by law.
In real estate, conveyance often involves a title search to confirm ownership and any liens on the property. Once the transfer is complete, the new owner, or grantee, receives legal rights to the property, while the previous owner, or grantor, relinquishes those rights.