In a real estate transaction, who is referred to as the grantee?

In a real estate transaction, the grantee is the individual or entity that is receiving a conveyance of property. This designation indicates that the grantee is the party to whom the property title is being transferred. When a seller (often referred to as the grantor) executes a deed to transfer ownership, the grantee is the recipient of that deed, thus gaining legal rights to the property. Understanding this role is fundamental in real estate transactions as it clarifies the rights and responsibilities involved in property ownership transfers. Recognizing the grantee's position helps in appropriately identifying their legal standing in any property transaction or documentation related to ownership.