If an owner deeds a property encumbered by an existing lease, the new owner is best described as the:

Name: If an owner deeds a property encumbered by an existing lease, the new owner is best described as the:
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Question

Quizplus · Accepted Answer

The new owner, having received the property through a deed, is the grantee. Since the property is encumbered by an existing lease, the new owner steps into the role of the landlord or lessor, making the correct term grantee-lessor.

If an Owner Deeds a Property Encumbered by an Existing