What is the term used for transferring ownership of property from one person to another?

Prepare for the Georgia Laws and Rules Exam with flashcards and multiple choice questions. Every question includes hints and explanations. Get ready for your success!

The term used for transferring ownership of property from one person to another is "conveyance." Conveyance specifically refers to the legal process involved in the transfer of real property, which includes preparing the necessary legal documents, such as deeds, and completing any required filings with a government entity. This term is crucial in real estate transactions because it delineates the formal action that occurs when ownership changes hands, ensuring that the transfer is recognized under the law.

The other terms, while related to property or legal ownership, do not precisely capture the essence of the legal transfer process. "Transfer" is a broad term that can refer to many types of ownership transactions but does not specifically denote the legal procedures involved in real estate. "Assignment" typically refers to the transfer of rights or interests in a contract rather than ownership itself. Lastly, "tenure" pertains to the conditions under which property is held but does not involve the concept of transferring ownership. This distinction highlights why "conveyance" is the most accurate term in this context.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy