Comparison Table Between Grantor and Grantee
| Parameters of Comparison | Grantor | Grantee |
| Definition | Grantor can be referred to any individua ... | Grantee is referred to the person who re ... |
| In real estate | Grantor provides and passes property in ... | Grantee buys and receives the property |
| In General warranty deeds | Grantor provides series of promises that ... | Grantee receives the highest level of pr ... |
| In investment | Grantor are investors who legally transf ... | Grantee is the recipient of stock option ... |
What does grantor and grantee mean in real estate?
The grantor is the owner, and the grantee is the buyer who is acquiring an equitable interest but not bare legal interest in a property. It’s essential that a deed clearly states the grantee, grantor, and a description of the property involved in the transaction.
Is grantor the seller or buyer?
The grantor is the seller of a property such as a house. He conveys or gives his title to a grantee—the buyer. A grantor transfers title to a grantee through a legal instrument known as a deed. Click to see full answer. Likewise, who is the grantor on a mortgage? "Grantor" is a legal term that's used in real estate transactions.
Who is the grantor of a property?
In general, a grantor is someone who transfers a property right to a grantee. In a real estate transaction, the grantor is the current holder of the property right, or in other words, the seller. The deed, which transfers ownership, is the grant.
Who is the grantor in a mortgage?
Who is the grantor and grantee on a release of mortgage? Grantors and Grantees. In mortgages and car leases, the grantor is the consumer and the grantee is the lender.In judgment and tax liens, the grantor is the debt holder and the grantee is either the government or the victorious plaintiff in a lawsuit.
Does grantor mean owner?
A grantor refers to a person or institution that conveys ownership of a property. It is also an entity that creates a trust, also known as a settlor or creator.
What does grantor mean on a property?
The Grantor is any person conveying or encumbering, whom any Lis Pendens, Judgments, Writ of Attachment, or Claims of Separate or Community Property shall be placed on record. The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.
Is grantor same as owner?
The grantor is the owner, and the grantee is the buyer who is acquiring an equitable interest (but not bare legal interest) in a property.
Is the grantee the borrower?
If you need to identify the grantor and grantee in a document, keep in mind that the grantor is the seller (on deeds), or borrower (on mortgages) and the grantee is the buyer. Another tip is that the grantor is usually the one who signed the document.Nov 16, 2021
How do you remember grantee or grantor?
You may see a question that asks "who conveys property?” with one option that says Grantor and another option that says Grantee. Even if you remember nothing about deeds, you know the answer is Grantor because OR is the Convey-OR. Sometimes people say that a mortgage is an exception to this rule.
What is a grantee?
In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.Dec 22, 2021
What does etal mean?
What Is Et Al. Short For? This is a Latin phrase that is short for "et alia." It means "and others," and is commonly used in legal documents to reference the family or people involved.Mar 9, 2020
What is the difference between grantor and guarantor?
Grantors – the party who transfers title in real property (seller, giver) to another (buyer, recipient, donee) by grant deed or quitclaim deed. Guarantors – a person or entity that agrees to be responsible for another's debt or performance under a contract if the other fails to pay or perform.Dec 27, 2017
What is the relationship between a grantor and a grantee?
For the most part, grantors and grantees are strangers to one another who are conducting an arm’s length transaction – the sale/purchase of a property – with one another. Their relationship is defined by the document that binds them.
Who Are Grantors And Grantees?
It’s important to understand the difference between a grantor and grantee. A grantor is the person who is transferring ownership to another person. A grantee, then, is the recipient of the real estate property. Let’s dive a little deeper into each, and take a look at some examples.
What is a lessor in a lease?
A lessor/lessee is a type of grantor/grantee. In this case, the lessor is the grantor of a temporary right to possession of a property in return for rent payments, and the lessee accepts that right to possession and agrees to pay according to the terms of the lease.
What is the difference between a deed and a title?
In most states, the difference between a deed and title is that the title refers to an abstract concept while the deed is a filed and duly recorded document.
Is the purchase of a home a transfer of ownership?
But to real estate lawyers, the purchase of a home is merely a transfer of ownership rights, reflected in the language they use to describe the parties involved. Legal language can make even the simplest topics seem more complicated than they really are.
Do you need title insurance if you are the grantee of a warranty deed?
Do you need title insurance if you are the grantee of a general warranty deed? The answer is yes.
What is Grantor?
In a legal contract concerning an exchange or transfer of an asset, the grantor Grantor A grantor refers to a person who has created a trust to manage his/her assets and legally transfer them to the beneficiary to avoid inheritance issues.
What is Grantee?
The grantee is the individual or entity in a legal document who is usually the asset’s buyer, borrower, or lessee Lessee A Lessee, also called a Tenant, is an individual (or entity) who rents the land or property (generally immovable) from a lessor (property owner) under a legal lease agreement. read more.
Grantor vs Grantee Infographics
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Final thoughts
The nature of the relationship between a grantor and grantee can differ according to the type of real estate transaction and the deeds involved.
Recommended Articles
This has been a guide to Grantor vs grantee. Here we discuss the top 5 differences between grantor and grantee along with infographics. You may also have a look at the following useful articles –
What is the difference between a grantor and a grantee?
What is difference between grantor and grantee? A grantee is an entity receiving title to a piece of real estate. The grantee is the buyer. For example, a land contract features both a grantor and a grantee. The grantor is the owner and the grantee is the buyer who is acquiring an equitable interest, but not bare legal interest, in a property.
What is a grantee in real estate?
What is a grantee of property? DEFINITION of Grantee In real estate, the grantee is the one taking title to a purchased property. The grantee is named in the legal document used to transfer the real estate. The person who is relinquishing the property is called the grantor.
Who is the grantor of a house?
The grantor is the seller of a property such as a house. He conveys or gives his title to a grantee—the buyer. A grantor transfers title to a grantee through a legal instrument known as a deed.
What is the difference between a grantor and a grantee?
The main difference between grantor and grantee is that grantor is the person who can transfer the interest or the ownership of a trust or assets to a person, group, or entity while grantee is the person who acts as a recipient of that fund, grant, asset, real estate property or trust transferred by the grantor.
What is Grantee?
The grantee is referred to as the person who receives funds, grants, or property. The grant can be in the form of a scholarship, real estate, or other assets. The grantee gets the ownership of the asset from a grantor. The grantee can be a recipient of any legal documents like deeds or others. Depending upon the type of legal document, the limitations of every document or deed are different and placed on the rights and interests.
What is a grantor-grantee index?
The grantor-grantee index shows a complete record of the real estate that is transferred between the grantor and the grantee. It has detailed information about the release and transfer of ownership of the property. The grantee is also called the buyer.
What is a grantee in real estate?
For example, in academics, a grantee can receive grants or scholarships while in real estate, a grantee would refer to the entity that takes title to the purchased property. In investing, the grantee word refers to the recipient of the stock options.
Where is the grantor on a legal document?
On legal documents, the grantor is on the bottom of the document while the grantee is on the top of the document.
Can a grantor revoke a trust?
The trusts of the grantor can be revocable. The grantor has the right to modify the terms of the trust. The grantor can even revoke the trust altogether. No other encumbrance can be made on the property by other parties who have not been disclosed by the grantor. The trustee is usually appointed by the grantor to make decisions and manage the trust and the assets.
Who is the grantor of a trust?
The grantor is the owner of the trust or asset and is ready to transfer the position of title to other identified beneficiaries. The grantor has the right to revoke and modify property or assets according to his/her wish and will. The grantor can also be called the trustor, first-party, lessor, or patron. The grantor can manage the trusts themselves or hire other trustees to do the same.
What Is a Grantor?
After finding the right property and securing the financing, many first-time homebuyers are only thinking about moving in. But an important part of the process that’s often overlooked is the actual closing of the purchase. Here you may find yourself asking one simple question: what does grantor mean?
What Is a Grantor on a Loan?
The grantor on a mortgage loan is the person who signs the mortgage documents. In this case, the grantor meaning refers to the mortgagor or the borrower.
What Is a Grantee?
Once you know who the grantor is, the grantee definition is straightforward. This is the person receiving the asset. In the case of a property transaction, the term refers to the party purchasing real estate.
Deeds That Require a Grantor and Grantee
Now that you’re familiar with the grantor and grantee meaning, let’s dive into the different types of property deeds that name these two parties.
Bottom Line
The exact grantor vs. grantee definition depends on the context in which these terms are being used, as both are applicable in different industries. In real estate, at least, the difference between grantor and grantee is pretty straightforward:
What Is A Grantor Vs. A Grantee In Real Estate?
The grantor and the grantee are typically individuals who are transacting an exchange. However, the grantor or grantee can also be a company or organization. For example, a city might seize a property for unpaid taxes, or a developer might sell hundreds of homes to individual customers.
What Is A Grantor?
In real estate, the grantor is the current property owner. In the case of a sale, the grantor will be the seller. However, a grantor can also be a spouse or even a public official such as a County Sheriff.
What Types Of Deeds Name Grantors & Grantees?
There are several types of deeds that name grantors and grantees. These include:
What is the relationship between grantors and grantees?
Simply put, grantors give something while grantees receive something. It is essential to understand how property ownership and debts change hands during any decision-making process concerning legal judgments, title transfers, ...
What is the purpose of a grantor in a deed?
Regardless of the exact definitions for a particular case, grantors convey property to grantees. When a deed is drafted, either party may insist on various restrictions, modifications, covenants, or other clauses to strictly define how the property rights may be further reclaimed, transferred, or otherwise used. Depending on the situation, either the grantor or the grantee may have a position of strength.
What is a grant deed?
In a grant deed, the grantor has no obligation to defend title defects or any other claims, including those made during the grantor’s time of ownership. Grant deeds generally hold that the grantor has not previously sold the property in question, and the grantor is transferring ownership of the property to a grantee without any liens ...
What documents identify grantors and grantees?
While real estate property deeds typically outline the grantor and grantee very clearly, other documents, such as real estate leases, wills, business partnerships, vehicle sale and title documents, and financing contracts also identify grantors and grantees for maximum clarity. The definition of grantor and grantee vary based on ...
What is a general warranty deed?
A general warranty deed guarantees the grantor “good and marketable title” to a piece of property and the right to sell that property without any restrictions. A general warranty deed will include the entire line of ownership for the property, not just the time it was under the grantor’s ownership.
Does a grantor have to address defects?
Any defects that may have existed before the grantor’s time of ownership of the property do not apply to the grantor, and the grantor has no responsibility to address them. Essentially, this means the grantee has far less protection from any unforeseen title issues.
Is a grantor a grantee?
Depending on the type of document in question, the title of grantor or grantee may mean very different things. For example, when dealing with court orders, a plaintiff is a grantor while a defendant is a grantee. When dealing with abstracts of judgment, the judgment creditor would be the grantor and the judgment debtor would be the grantee. There are also specific definitions when it comes to certain types of deeds:
Who is the grantor in a mortgage?
This dynamic can also be seen in a landlord and renter’s relationship. Nonetheless, when it comes to mortgages, the grantor is the borrower.
What is the receiving side of a grantor?
To start with, they’re both legal terms that appear when something is about to change hands. The grantor is the person or entity that gives away property or rights to another person or entity. And the receiving side is known as a grantee –or a beneficiary, especially in trusts, wills, and life insurance policies. Keep in mind that lawyers are qualified professionals to ask for advice regarding legal issues.
Is a grant deed protected against claims to title?
Therefore, grantees are protected against claims to the title before the purchase. Grant deed: in this scenario, the grantor states that the property hasn’t been sold to someone else and ensures other obstacles or liens than those already disclosed are nonexistent.
Who is the grantee in lieu of foreclosure?
Grant deed in lieu of foreclosure: in this case, the grantee is the bank instead of the buyer because a loan was needed for the purchase, but the mortgage wasn’t paid off.
Is a grantor the same as a grantee?
Grantor and grantee are two sides of the same coin. They coexist, and one even could say that they create each other. That’s why we’re adding both terms at once to Real Estate IQ’s glossary. Keep reading to find out their differences, types and discover how they are recorded.
