Which term refers to the right of a property owner to sell or transfer property?

The term that refers to the right of a property owner to sell or transfer property is "conveyance rights." This concept encompasses the legal ability to transfer ownership or interests in real property from one party to another. Conveyance is a fundamental aspect of property rights, as it dictates how ownership can be legally passed on, along with the processes and documentation required to effectuate such transfers.

Understanding conveyance rights is essential in real estate, as they ensure the proper legal framework is followed when property changes hands, protecting both the seller and the buyer in the transaction. This includes written deeds, disclosures, and compliance with local laws, ensuring that the transaction is recognized by law and ownership is properly recorded.

In contrast, the other choices relate to different aspects of property rights but do not specifically address the ability to sell or transfer property. Granting of title pertains more to the formal process of bestowing ownership rather than the ongoing rights of the property owner. Land use agreements refer to arrangements regarding how a property can be utilized, and property encumbrances deal with restrictions or claims against the property that may affect its transferability or value. Thus, conveyance rights specifically focus on the act of transferring ownership itself.