What term is used for a person conveying ownership interest in real property?

The term "grantor" refers to a person who conveys an ownership interest in real property, such as through a deed. In real estate transactions, the grantor is the individual or entity transferring their interest in the property to another party, typically referred to as the grantee, who receives ownership rights.

Understanding this term is crucial, as it plays a key role in property law and transactions. The grantor is responsible for ensuring that the title is clear and that they have the legal right to make the transfer. The correct identification of the grantor establishes who is legally obligated in the transaction and what rights are being transferred.

In contrast, the grantee is the recipient of the interest, while the mortgagor applies to individuals or entities that take out a mortgage loan against their property. The mortgagee, on the other hand, refers to the lender in a mortgage agreement, holding the security interest in the property until the loan is paid off. Understanding the distinct roles of these participants is essential for anyone involved in real estate transactions.