What is the legal title given to the individual who holds a property in a real estate transaction?

In a real estate transaction, the legal title typically refers to the person named in the deed who has ownership rights to the property. The grantee is the party who receives the title and holds ownership after the transfer takes place. This term specifically denotes the recipient of the property in the conveyance process.

While 'Owner' might seem like a logical choice as it accurately describes someone who possesses the property, 'Owner' is a more general term that does not specifically highlight the act of receiving title through a transaction. Similarly, 'Beneficiary' refers to someone who benefits from the property but does not hold the title, and 'Possessor' pertains to the person in physical control of the property, which may or may not be the legal owner. Therefore, 'Grantee' is the precise term that captures the essence of legal ownership in the context of real estate transactions.