Grantor
Updated: 06 November 2024
What Does Grantor Mean?
A grantor is an individual who transfers their ownership rights over a property or asset to another party through a contract.
Insuranceopedia Explains Grantor
Grantor status is essential for transferring property to another party, such as when including property in a trust or selling it. The recipient of this transfer is called the grantee.
The act of granting ownership is documented in a deed. The grantor can include specific provisions in the deed in addition to the full transfer of ownership. For example, in a lease agreement, the ownership of the property may revert to the grantor once the lease term expires.
