Which term describes the transfer of property ownership from one party to another?

The term that describes the transfer of property ownership from one party to another is "conveyance." This process involves the formal legal transfer of title, which is crucial in real estate transactions. Conveyance encompasses all actions required to facilitate this transfer, including the preparation and execution of legal documents, such as deeds, and meeting any statutory requirements necessary for the transfer to be legally recognized.

In contrast, warranty refers to a guarantee provided by one party to another concerning the quality or condition of a property, often found in warranty deeds. An encumbrance refers to any claim, lien, or liability attached to a property that may affect its value or use, such as mortgages or easements. Adverse possession is a legal doctrine that allows a person to claim ownership of land under certain conditions, but it does not pertain to the transfer of ownership in the standard sense. Each of these terms serves a distinct purpose within real estate law, but only conveyance accurately reflects the process of transferring ownership.