What term describes the process of transferring property ownership?

The term that describes the process of transferring property ownership is conveyance. This term specifically refers to the legal act of transferring the title or ownership of real estate from one party to another, which is accomplished through various legal instruments, such as deeds. During the conveyance process, important documents may be prepared and signed to formally acknowledge the transfer of ownership rights.

The other choices represent different concepts in real estate. A lease refers to an agreement between a landlord and a tenant where the tenant is granted the right to use the property for a specified time in exchange for rent, but it does not transfer ownership. A mortgage involves a loan specifically used to purchase real estate, where the property serves as collateral, but it does not pertain to the act of transferring ownership itself. Lastly, tenancy describes the nature of the relationship between a tenant and a landlord, specifically regarding the occupation of the property, and it does not involve the transfer of ownership. Thus, conveyance is the only term that directly identifies the process of transferring property ownership.