What does the term 'private grant' refer to in the context of real property?

The term 'private grant' in the context of real property refers to the voluntary alienation of real property by a private party. This means that an individual or entity is willingly transferring ownership of their property to another individual or entity, typically through a deed. This type of transfer is characterized by the agreement of both parties involved, distinguishing it from other forms of property transfer that may be involuntary or dictated by law.

In real estate transactions, a private grant usually involves a clear agreement, where the grantor (the party transferring the property) provides rights to the grantee (the party receiving the property). This is commonly seen in the sale of residential or commercial properties, where ownership shifts as part of a purchase agreement. Understanding this concept is essential for grasping how real estate transactions operate and the rights and responsibilities that accompany property ownership.