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The procedure involving the transfer of property where the seller and buyer walk upon the land with witnesses is referred to as "Livery of Seisin." This historical term describes a ceremonial act that symbolically transferred ownership of land from one party to another. Traditionally, it involved physical possession, such as walking on the land and the presence of witnesses, highlighting the transfer of rights and the solemnity of the transaction.

While "Feoffment" is related to the transfer of land ownership and historically involved a type of livery of seisin, it specifically pertains to the granting of land through a formal process that typically included the livery of seisin as a component but did not exclusively focus on the walking upon the land. "Conveyancing" broadly describes the legal process of transferring property ownership, encompassing a variety of methods and documentation required in property transaction, whereas "Adverse Possession" is a legal doctrine allowing a person to claim ownership of land under certain conditions, particularly through continuous and open use, rather than direct transfer.

Thus, Livery of Seisin is the most fitting term that precisely defines the act of transferring property through the physical demonstration of possession with the presence of witnesses.