Who is referred to as the grantee in a property transaction?

In a property transaction, the grantee is the individual or entity who receives the deed and obtains ownership rights to the property. This term is specifically used to denote the party that is acquiring an interest in the property as documented by the deed. The deed serves as the legal instrument that facilitates the transfer of property ownership from one party to another.

Understanding the role of the grantee is essential in real estate transactions because it clarifies who holds legal title after the transaction is complete. The grantee, therefore, is directly related to the rights of possession and use of the property, which is foundational in real property law.

In contrast, the individual who creates the deed holds the title of grantor, which signifies their position as the seller or donor of the property. Those responsible for paying taxes or the lender involved in the transaction do not directly pertain to the definition of a grantee. Tax obligations are linked to ownership, while the lender's role is typically related to financing, not ownership transfer.