What Does Grantor Mean?
A grantor is a person who has transferred their right of ownership over a property or asset to someone else by virtue of a contract.
Insuranceopedia Explains Grantor
Grantor status is necessary for transferring property to someone else. It might be needed for inclusion in a trust or in the sale of a property. The recipient to this transfer is known as the grantee.
The act of granting the status is documented in a deed. The grantor can include provisions in the deed aside from the total transfer. For example, in a lease, the ownership of a property is given back to the grantor as soon as the lease contract expires.