conveyed

Definition

The legal equivalent of handing over property with enough paperwork to build a small forest—officially transferring ownership through a binding, notarized document. When real estate is conveyed, the deed changes hands, lawyers get paid, and one party gets keys while the other gets regret or relief.

Example Usage

The seller conveyed the deed to the buyer's attorney during the closing.

Source: Real Estate and Legal terminology

Related Terms

Advanced

trigger terms

Specific financing words in advertising (like 'only $500 down') that legally require full disclosure of all loan terms under TILA regulations. It's why some real estate ads read like pharmaceutical disclaimers.

🏠 Real Estate

Advanced

subordination agreement

A contract where one lien holder agrees to take a backseat to another in the priority line for getting paid if things go sideways, voluntarily accepting second-class status. It's cutting in line, but in reverse and with lawyers involved.

🏠 Real Estate

Intermediate

broker price opinion

An estimate of a property's value provided by a licensed broker rather than a certified appraiser, often used by lenders for less critical valuations. It's the fast-food version of an appraisal—quicker, cheaper, and potentially less reliable.

🏠 Real Estate

Beginner

estate

In real estate, it refers to the property and land you own; in legal terms, it's everything you leave behind when you die for relatives to argue over. Estate can mean anything from a sprawling mansion with manicured grounds to your accumulation of assets and debts that someone has to sort through. Basically, it's either where you live large or what lawyers divide up after you're gone.

🏠 Real Estate

Advanced

value-add

A property requiring operational or physical improvements to increase its income and value, typically involving renovations, better management, or repositioning. It's the investment thesis that assumes you're smarter than the previous owner—sometimes correctly.

🏠 Real Estate

Advanced

Syndication

The process of pooling capital from multiple investors to acquire or develop a property, with returns distributed according to investor agreements. It's how real estate projects get funded when one person doesn't have $50 million lying around.

🏠 Real Estate

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