New Stuff Flashcards
1
Q
Lessor
A
Landlord
2
Q
Lesee
A
The original tenet
3
Q
Grantor
A
Person transferring realty, not always the seller.
4
Q
Grantee
A
Person receiving realty, not always the buyer.
In real estate Grantee is life tenant.
5
Q
Mortgagor
A
The borrower. The one getting the loan on realty.
6
Q
Mortgagee
A
The one giving the loan on realty. The payee.
7
Q
Trustor
A
For trust deed is the borrower and the payer, the one getting the loan.
8
Q
Trustee
A
Impartial holder of title on TD (title only)
9
Q
Beneficiary
A
One giving the loan
