Grantee

In depth

The grantee is the person or entity acquiring an interest in real property under a deed. The grantee's name must be specific enough to identify them, and any vesting language, such as joint tenants with right of survivorship, governs how the property is held going forward. Misconception: the grantee does not need to sign the deed in most states for it to be valid, although doing so confirms acceptance. Practically, in seller-financed deals, buyers should pay close attention to how their name appears on the deed because it affects estate planning, asset protection, and future financing. Common vesting options include sole ownership, tenants in common, joint tenancy, tenancy by the entirety for spouses, and trust ownership. Errors in the grantee name require costly correction deeds.