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What is the difference between a grantor and grantee?

It’s important to understand the difference between a grantor and grantee, especially when you’re thinking about buying a house. A grantor is the person transferring ownership to another individual. A grantee is the recipient of the real estate property.

What is a grantor vs grantee relationship in real estate?

One common example of a grantor vs. Grantee relationship in real estate occurs in property rentals. Here, the landlord (lessor) is the grantor who rents out the property. The tenant (lessee) is the grantee who receives the right to occupy the property.

Who is a grantee in a property transfer?

The grantee, on the other hand, is the person or entity who receives the property. This is typically the buyer in the transaction. Once the deal is closed and the property transfer is complete, the grantee becomes the new owner. The grantee takes over all rights and responsibilities associated with the property from the grantor.

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