Conveyancing
the legal framework that governs the process of transferring ownership of land or property from one person to another, including the necessary documentation, procedures, and regulations required to legally change the title of the property.
Transfer
the legal act of voluntarily passing ownership of a property (like land or a building) from one person to another, typically through a formal document called a deed, which signifies the transfer of legal title from the seller (transferor) to the buyer (transferee); essentially, it means the process of changing who owns a property in a legally recognized way.
Transmission
the transfer of property ownership that happens automatically by operation of law, usually upon the death of the owner, where the property passes to their heirs or beneficiaries according to the laws of inheritance or wills, without requiring any voluntary action from the deceased owner; essentially, it means the title to property is transferred through succession rather than a direct sale or gift.
Lease
a legal interest created on a property, usually as security for a debt, where the owner (known as the "chargor") grants a lender (the "chargee") the right to claim the property if the debt is not repaid, essentially allowing the lender to sell the property to recover their money if the borrower defaults; it is similar to a mortgage but does not involve transferring ownership of the property to the lender.
Charges
a legal interest created on a property, usually as security for a debt, where the owner (known as the "chargor") grants a lender (the "chargee") the right to claim the property if the debt is not repaid, essentially allowing the lender to sell the property to recover their money if the borrower defaults; it is similar to a mortgage but does not involve transferring ownership of the property to the lender.
Conveyancing
the legal framework that governs the process of transferring ownership of land or property from one person to another, including the necessary documentation, procedures, and regulations required to legally change the title of the property.
Transfer
the legal act of voluntarily passing ownership of a property (like land or a building) from one person to another, typically through a formal document called a deed, which signifies the transfer of legal title from the seller (transferor) to the buyer (transferee); essentially, it means the process of changing who owns a property in a legally recognized way.
Transmission
the transfer of property ownership that happens automatically by operation of law, usually upon the death of the owner, where the property passes to their heirs or beneficiaries according to the laws of inheritance or wills, without requiring any voluntary action from the deceased owner; essentially, it means the title to property is transferred through succession rather than a direct sale or gift.
Lease
a legal interest created on a property, usually as security for a debt, where the owner (known as the “chargor”) grants a lender (the “chargee”) the right to claim the property if the debt is not repaid, essentially allowing the lender to sell the property to recover their money if the borrower defaults; it is similar to a mortgage but does not involve transferring ownership of the property to the lender.
Charges
a legal interest created on a property, usually as security for a debt, where the owner (known as the “chargor”) grants a lender (the “chargee”) the right to claim the property if the debt is not repaid, essentially allowing the lender to sell the property to recover their money if the borrower defaults; it is similar to a mortgage but does not involve transferring ownership of the property to the lender.