In a real estate transaction, the transferee is the person or entity who acquires ownership of the property. In the context of a real estate transaction, a transferee is not just the person whose name appears on the title but the person who has the right to ownership. This can include individuals, partnerships, corporations, or any legal entity capable of owning property. The transferee becomes the new legal owner of the property, and they are granted the rights and responsibilities associated with ownership.
Additionally, the term transferee can also be used in the context of other legal transactions, such as transfers of assets, securities, or other forms of property. For example, in the case of a stock transfer, the transferee is the individual or entity receiving the ownership of the stocks from the transferor.
It's important to note that the transferee is sometimes referred to as the buyer or grantee, depending on the context and jurisdiction.