What is a 'devise' in property law?

A 'devise' in property law specifically refers to the act of transferring real property interests through a will. This means that when someone passes away and bequeaths real estate to an heir or beneficiary, that specific gift of property is described as a devise. It is an important concept in estate planning and probate law, as it determines how real property is distributed upon an individual's death and can have significant implications for both the estate and the recipients.

In contrast, other options do not accurately define a devise. A sale of property involves a transaction for value rather than a gift, while a legal document transferring a lease pertains to leasing agreements rather than the transfer of property through a will. Additionally, a method of acquiring land usually refers to a process rather than the specific action of passing property upon death. Understanding that a devise is exclusively associated with testamentary gifts underscores its significance in estate law.