Who is referred to as the grantee in a real property transaction?

In real property transactions, the grantee is specifically defined as the person receiving interest in the property. This term is used to identify the individual who is acquiring ownership or some form of legal interest in the real estate. The grantee typically signs a deed which transfers property rights from the grantor—the individual selling or giving the property— to them. This relationship is fundamental in real estate as it clearly delineates who is gaining rights to the property.

Understanding this concept is critical for real estate professionals and anyone involved in property transactions, as it establishes the roles of each party in the transaction. Knowing who the grantee is also helps clarify the legal documentation and responsibilities assigned during the transfer of property ownership.