Final answer:
In real estate, alienation refers to the act of transferring title, ownership, an estate, or an interest in real estate from one party to another.
It can involve a variety of legal transactions and includes both voluntary and involuntary transfers, such as sales or eminent domain.
Step-by-step explanation:
In real estate, alienation is best described as the act of transferring title, ownership, an estate, or an interest in real estate from one party to another.
This term encompasses a variety of legal transactions, such as the selling of a property, granting of an easement, or the enforcment of restrictive covenants. It is important to note that alienation can be voluntary, such as in a sale, or involuntary, such as in cases of eminent domain where the government may seize property for public use.
Restrictive covenants and easements are non-governmental restrictions that are often placed on a property by developers to maintain certain standards or preserve open spaces. These restrictions can impact the ownership and use of a property significantly.
Historical practices like restrictive covenants based on race, which have since been deemed unconstitutional, are examples of how alienation can interact with societal issues.
Alienation is a fundamental concept in real estate as it affects how property rights are transferred and can involve complex legal implications. Knowledge of this concept is critical for real estate professionals and for anyone involved in the purchase, sale, or management of real estate properties.