In real estate, what term describes the relationship between the grantor and the grantee?

The term that describes the relationship between the grantor and the grantee is "deed." A deed is a legal document that formally conveys title from the grantor (the person transferring the property) to the grantee (the person receiving the property). This document includes important details such as the names of the parties involved, a description of the property, and the type of interest being conveyed.

Understanding this relationship is crucial because the deed serves as a critical instrument in establishing ownership rights. It is the evidence of the transfer and contains the terms under which the property is conveyed, ensuring the grantee has clear rights to the property being transferred. In essence, the deed solidifies the legal relationship by documenting the transfer of title and providing proof of ownership for the grantee.

In contrast, terms like lease relate to rental agreements, title refers to the legal right to own property, and ownership describes the status of having control over property. Therefore, while other terms are relevant in real estate, the deed specifically encapsulates the relationship between these two parties at the time of transfer.