A grantee is an individual or entity that receives an estate or interest in real property through a legal document known as a deed. The party who transfers the property is referred to as the grantor. Grantees hold specific rights and responsibilities concerning the property they acquire, and these are primarily determined by state laws, which can differ significantly from one jurisdiction to another.
The term "grantee" is commonly used in real estate transactions, property law, and estate planning. Grantees may be involved in various legal processes, including:
Understanding the role and rights of a grantee is essential for anyone engaging in real estate transactions, and users can utilize legal templates from US Legal Forms to draft necessary documents accurately.
Here are a couple of examples of abatement:
Example 1: Jane purchases a house from John. In this transaction, Jane is the grantee because she receives the property through a deed.
Example 2: A father transfers ownership of a piece of land to his child as part of his estate planning. The child is the grantee in this scenario. (hypothetical example)
| State | Grantee Rights |
|---|---|
| California | Grantees have specific protections under California Civil Code regarding property transfers. |
| Texas | In Texas, grantees must ensure the deed is properly recorded to protect their ownership rights. |
| Florida | Florida law requires grantees to pay documentary stamp taxes on property transfers. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Differences |
|---|---|---|
| Grantor | The person who transfers property to a grantee. | Opposite role; grantor gives, while grantee receives. |
| Lessee | A person who leases property from a lessor. | Lessee does not own the property; they have a temporary right to use it. |
If you are a grantee, ensure you understand your rights and responsibilities regarding the property you received. It may be helpful to:
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A grantee receives property, while a grantor transfers it.