Who is a grantee in a real estate transaction?

The grantee represents the other side of the real estate transaction: the buyer or the renter. They acquire property from the grantor either through a home sale or rental. When property changes hands, the grantor transfers the legal rights to own, use and/or sell the property to the grantee.

What is the difference between grantor and grantee?

A grantor is a person or organization that transfers ownership of their assets or real property to someone else. A grantee is the person or organization that receives the assets or property. Both terms are common in real estate transactions and estate planning. Transfers ownership of money or property. Receives money or property.

Who is a grantor in a real estate transaction?

In a real estate transaction, the grantor is the current holder of the property rights, or – in other words – they’re the seller. The deed, which transfers ownership, is the grant. The grantee is the person who receives the transfer of the property after, in the case of sale, a closing occurs. In other words, the grantee is the buyer. Grantee Vs.