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- Conveyance in real estate means the transfer of ownership of real property between a seller and a buyer12. This process is done using an instrument of conveyance, which is a legal document such as a contract, lease, title, or a deed12. The instrument of conveyance specifies the terms and conditions of the transfer, such as the price, date, and description of the property.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Conveyance is the act of transferring property from one party to another. The term is commonly used in real estate transactions when buyers and sellers transfer ownership of land, building, or home. A conveyance is done using an instrument of conveyance—a legal document such as a contract, lease, title, or a deed.
www.investopedia.com/terms/c/conveyance.aspWhat Does Conveyance Mean In Real Estate? Conveyance is the transfer of ownership of real property between a seller (also known as the conveyor) and a buyer (the conveyee). This process is done using an instrument of conveyance, usually a deed, lease or contract.
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