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Define Conveyance in Real Estate
Conveyance:
"Conveyance" means transferring the ownership or title of something, like a piece of property, from one person to another. It's like passing the baton in a relay race, except instead of a baton, it's the legal rights to a property!
Example:
For example, let's say that you're buying a house. The seller will use a document called a "deed" to transfer ownership of the property to you. This process of transferring the ownership is called a conveyance.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Oh, the deed is so fine, so fine, so fine,
It's the way we transfer, it's a conveyance divine!
When you buy a new house, or sell one away,
A deed does the trick, it makes sure it's okay!
So don't you fret, don't you fear,
Your ownership rights are always near!
A conveyance is simple, it's easy to see,
It's how we pass the title, just like a baton in a relay!