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

In a real estate transaction, the term "grantee" refers to the party who receives the property, which is typically the buyer. This individual or entity gains ownership rights when the property is transferred through a deed or similar document. The process involves several legal implications, including the requirement for the grantee to accept the terms of the transaction and take on responsibilities associated with property ownership.

Understanding the role of the grantee is essential as it establishes the rights and obligations that come with the ownership of the property. The buyer, as the grantee, will ultimately have the ability to use, sell, or otherwise manage the property once the transaction is completed. This is distinct from the other roles in real estate transactions, such as the grantor, who is the seller and conveys the property, or parties involved in partnerships or trusts, which are unrelated contexts.