Which term describes the legal process of transferring ownership of property?

The term that describes the legal process of transferring ownership of property is "conveyancing." This process involves the preparation, execution, and recording of legal documents necessary to transfer real estate title from one party to another. It typically includes creating and reviewing contracts, title searches, and ensuring all legal prerequisites are met to successfully complete the transfer of ownership.

Conveyancing is crucial in real estate transactions to establish a clear title and protect the interests of both the buyer and the seller. Other options, while related to property and ownership in some context, do not specifically refer to the legal process of transferring ownership. Transference is a more general term that could apply to various types of transfers, leasing refers to the temporary possession of property rather than ownership transfer, and possession pertains to holding or occupying property but does not imply legal ownership has been transferred.