Grantee Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Grantee, written in plain English, along with examples of how it is used.
What is Grantee?
(n) Grantee is the person or legal entity who receives or accepts the legitimate transfer of the right in a real property held by a person or entity, by sale, gift or other mode of transaction
History and Meaning of Grantee
Grantee is a term commonly used in real estate dealings, which refers to the person or entity receiving or accepting the transfer of ownership rights to a real property. The term "grantee" comes from the word "grant," which was traditionally used to describe the transfer of land or property from one person to another.
The grantee in a real estate transaction is typically the buyer or recipient of the property, who is receiving the legal right to ownership. In the transfer of property from the grantor (seller) to the grantee, a legal document called a "deed" is often used to record the transaction.
Examples of Grantee
- John Smith is the grantee of a piece of land purchased from Jane Doe.
- The grantee of a trust receives the legal title to the property held in the trust.
- In a divorce settlement, the grantee may receive ownership of the family home.
- The grantee of a gift deed receives a property as a gift.
- The grantee of an easement is the person granted the limited right to use someone else's property for a specific purpose.
Legal Terms Similar to Grantee
- Grantor: the person or entity transferring ownership rights to a property.
- Deed: a legal document used to transfer ownership of real property.
- Easement: a limited right to use someone else's property for a specific purpose.
- Trustee: a person or entity that holds legal title to property for the benefit of another person or entity.
- Property title: legal ownership of real property.