Real Estate Legal Terminology: -or and -ee Roles

A set of flashcards explaining the roles of 'givers' and 'receivers' in legal and real estate transactions, specifically focusing on the -or and -ee suffix rules.

-or Suffix

The giver who sells, conveys, or gives something.

-ee Suffix

The receiver who purchases, acquires, or receives something.

Vendor

The party who sells property to a vendee.

Vendee

The party who purchases or receives from a vendor.

Trustor

The party who gives to a trustee.

Trustee

The party who receives from a trustor.

Lessor

The party who leases property to a lessee.

Lessee

The party who receives a lease from a lessor.

Grantor

The party who conveys property to a grantee.

Grantee

The party who receives property from a grantor.

Optionor

The party who gives an offer to an optionee.

Optionee

The party who receives an offer from an optionor.

Offeror

The party who gives something to an offeree.

Offeree

The party who receives something from an offeror.

Mortgagor

The borrower or homeowner who conveys the title or deed of the property to the lender until the loan is paid off.

Mortgagee

The bank or lender who receives the title or deed of the property from the mortgagor while lending the money.