What does the term 'grantor' refer to in property transactions?

In property transactions, the term 'grantor' refers specifically to the individual or entity that transfers the title or ownership of real property to another party. When a grantor executes a deed, they are conveying their rights and interests in the property to the grantee, who is the party receiving the property ownership. This transfer is formalized through legal documentation, typically involving a signed deed that clearly identifies the involved parties and the property being transferred.

The role of the grantor is crucial because without their consent and action to transfer ownership, no legitimate property transaction can take place. It emphasizes the grantor's authority over the property and their intention to relinquish their rights to the grantee. Understanding this term, and its implications in the context of real estate transactions, is vital for anyone involved in property law, real estate, or transactions.

The other choices represent different roles in property transactions that do not align with the definition of a grantor. The individual receiving property ownership is known as the grantee, the lender is involved in financing but has no direct ownership transfer responsibility, and the surveyor's role pertains to property boundaries rather than title transfer.