DEFINITION of Grantee
A grantee is the recipient of a grant, scholarship, or some type of property. 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. Recipients of stock options may also be referred to as grantees.
BREAKING DOWN Grantee
A county grantor-grantee index provides a record of real estate transfers showing who released ownership of a property and who took ownership. The index also shows the location of the property and the type of document used to transfer ownership (e.g., quitclaim deed, trust deed, tax lien, etc.). Typically, the index is maintained by the county recorder.