Grantee
Definition and meaning of Grantee in real estate.
A grantee is the individual or entity that receives a transfer of property ownership or real estate interest through a deed. In a typical real estate transaction, this party is the buyer.
In more detail
The transfer of real estate ownership is finalized when a deed is executed, delivered, and accepted by the grantee. The grantee must be clearly identified in the deed to make the transfer legally valid, though the grantee does not usually need to sign the document.
Once the deed is delivered, the grantee should record it in the local county land records to establish public notice of their ownership. Recording the deed protects the grantee from subsequent claims or sales of the property by the previous owner.
Key facts
| Category | Legal, Titles & Closing |
|---|---|
| Role in transaction | Typically the buyer or recipient of the property |
| Signature required | Generally not required to sign the deed |
| Key responsibility | Recording the deed with the county to protect ownership rights |
An individual purchases a house from a home seller, and during the closing, their name is listed on the warranty deed as the grantee receiving the title.
Frequently asked questions
Does a grantee have to sign the deed?
No, in most states, only the grantor (the seller or transferor) is required to sign the deed. The grantee simply needs to accept the deed to complete the transfer.
Can a grantee be a corporation or trust?
Yes, a grantee can be any legal entity capable of holding real estate, including corporations, partnerships, limited liability companies, and trusts.
Related terms
Related reading
Sources & references
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