In the context of real estate, what does the term 'alienation' often imply?

The term 'alienation' in real estate refers to the sale or transfer of property ownership from one party to another. It encompasses any action that involves conveying the title of property, whether through sale, gift, or any form of transfer. This concept is important in real estate because it signifies the change in ownership rights and the potential liabilities associated with that property.

In legal terms, alienation can occur voluntarily, such as through a deed, or involuntarily, through mechanisms like foreclosure. Understanding alienation is crucial for professionals in real estate, as it impacts various transactions and the rights of both buyers and sellers.

The other options do not accurately define alienation; for instance, restrictions on property use pertain to zoning or easements, while leasing refers to rental agreements, and investing in new properties relates to acquiring assets rather than the transfer of existing ownership.