What happens when a property owner voluntarily transfers their title to another party?

When a property owner voluntarily transfers their title to another party, this process is referred to as alienation. Alienation encompasses any action that results in a transfer of ownership of property, which can occur through various means such as sale, gift, or inheritance. In this context, it signifies the owner's intention to relinquish their rights in the property and transfer those rights to someone else.

The concept of alienation is fundamental in property law, as it establishes the legal framework for how ownership can change hands and outlines the rights and responsibilities that accompany property ownership. Understanding alienation is essential in real estate transactions, as it involves the legal mechanisms that allow for the transfer of title and ensures that all parties are aware of their new roles and obligations.

The other concepts mentioned—acceleration, abandonment, and defeasance—relate to different situations. Acceleration typically refers to the process of making all payments due immediately in a financial context, abandonment relates to property owners relinquishing their interest without transferring title, and defeasance involves rendering a contract or obligation void. None of these accurately describe the voluntary transfer of property title as alienation does.