Business, Legal & Accounting Glossary
To voluntarily convey or transfer title to real property by gift, disposition by will or the laws of descent and distribution, or by sale.
For example, a seller may alienate property by transferring to a buyer a parcel of the seller’s land containing a house, in exchange for cash. The seller is said to have alienated her rights in that parcel, such as the right to modify or even demolish the house on the parcel of land, to the buyer. Those rights now belong to the buyer.
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This glossary post was last updated: 9th October, 2021 | 0 Views.