What is the act of transferring an interest in a property called?

The act of transferring an interest in a property is known as conveyance. This legal process involves the formal transfer of property ownership rights from one party to another, which is essential for real estate transactions. Conveyance typically involves the preparation and execution of a deed that specifies the details of the property transfer, including descriptions of the property and the parties involved. This principle is critical for establishing clear title and ownership rights in real estate law.

In contrast, despoil generally refers to the act of stealing or depriving someone of their property, rather than legally transferring ownership. Dedication typically involves the transfer of land for public use, such as parks or streets, and does not encompass the general act of transferring property interests. Cooperative ownership refers to a specific form of property ownership where individuals own shares in a corporation that owns the property, which is a distinct concept from general property conveyance.