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transfer ownership

To change an account, item, or other property so that it belongs to another person or organization instead of the current owner.

In plain English

Ownership is who something belongs to. Transfer ownership means changing that belonging from the current owner to a different person or organization. The thing can be an account, an item, or another kind of property.

In context

Here, "transfer ownership" labels the action of changing the workspace so that it belongs to another member instead of the current owner.

Situation
SaaS sign-in, invitations, roles, permissions, and account status
What it communicates
labels making another member the workspace owner.

Meaning limits

The term itself only identifies a change in ownership, not any separate rules or conditions around that change.

Examples

“The landlord agreed to transfer ownership of the house to a housing co-op.”

Core meaning

“During the handoff, Maya transferred ownership of the workspace to another member.”

In context