What is the legal process of transferring ownership of real property called?

The legal process of transferring ownership of real property is known as conveyance. Conveyance specifically refers to the act of transferring title or interest in real estate from one party to another, and it typically involves the execution of a deed. This process is essential in real estate transactions, as it formally establishes the new owner of the property and provides legal documentation of the transaction.

Understanding conveyance is crucial because it encompasses various legal actions that may take place during the sale or transfer of property, such as the signing of legal documents, the verification of titles, and the recording of the deed with the appropriate governmental authority. Conveyancing thus ensures that the transfer is legally recognized and provides protections to both the buyer and the seller.

The other options do not accurately describe the process of transferring ownership of real property. "Lease" refers to the rental arrangement between a landlord and tenant, while "transference" is a broader term that is not specific to property law. "Assignment" typically refers to the transfer of interests or rights in a personal property lease or contract rather than ownership of real property. Therefore, conveyance remains the definitive term for the legal transfer of ownership in real estate.