Grantee

Definition: A grantee is the person or entity that receives an interest in real property through a conveyance.

Example

A company receives a parcel by deed from its current owner. The company is the grantee; the transferring owner is the grantor.

Keep the distinction clear

A grantee is not always a buyer. The interest may be received as a gift or through another transfer. Follow the direction of the property interest: grantor gives, grantee receives.

Related terms

Grantor · Deed · Title

Keep studying

Deeds, Abstracts, Title Opinions, and Title Insurance

References: Cornell LII: Grantee

Pronunciation (US): gran-TEE (capitals show stress)

Pronunciation reference: Merriam-Webster