You have a +1 bonus to attack and damage rolls made with this magic weapon.
Proficiency with a lance allows you to add your proficiency bonus to the attack roll for any attack you make with it.
You have disadvantage when you use a lance to attack a target within 5 feet of you. Also, a lance requires two hands to wield when you aren't mounted.
Notes: Bonus: Magic, Damage, Combat, Reach, Special