What does 'conveyance' refer to in real estate?

In real estate, the term 'conveyance' specifically refers to the act of transferring ownership of property from one party to another. This process is a fundamental aspect of real estate transactions, as it involves the legal mechanisms that ensure the title to the property is properly transferred, which may include various documents such as deeds.

Conveyance ensures that the new owner (grantee) receives all rights associated with the property from the previous owner (grantor), making it a crucial concept in property law and transactions. Understanding conveyance is essential for anyone involved in real estate, as it establishes the legal foundation for ownership and the rights that come with it.

The other options refer to different concepts in real estate: a document outlining property guidelines pertains to zoning regulations or property guidelines but does not capture ownership transfer; a type of financing arrangement relates to lending and financing structures rather than ownership shift; and leasing property, while related to real estate, involves temporary possession without transfer of ownership.