What does the term "conveyance" refer to?

The term "conveyance" primarily refers to the transfer of ownership of real property from one party to another. This legal process encompasses various methods through which property rights are transferred, such as through a deed or other legal document. It signifies the completion of a transaction where the title to the property is passed to the new owner, effectively changing who holds legal rights to the property.

In the context of real estate, conveyance establishes a formal record of the transaction, which is critical for legal purposes, including ownership rights, responsibilities, and potential disputes. Understanding conveyance is essential for real estate professionals and buyers because it underpins the legitimacy and legality of property transactions.

The other options focus on aspects that do not encompass the broader legal definition of conveyance. For instance, renting or leasing property pertains to temporary arrangements rather than ownership transfer. Additionally, the notion of merely transferring property verbally does not align with the legal requirements of conveyance, where written documentation is typically required to establish ownership rights.