Legal Definitions - conveyee

A conveyee is the individual or entity that receives property when it is legally transferred from one party to another. Essentially, they are the recipient of a conveyance, which is the act of transferring ownership or rights to property.

Here are a few examples to illustrate this concept:

• Real Estate Purchase:

  Scenario: After months of searching, David successfully purchases a plot of land from a developer to build his dream home.

  Explanation: In this transaction, David is the conveyee because he is the person to whom the ownership and title of the land (the property) are legally transferred by the developer.

• Inheritance or Gift:

  Scenario: A grandparent legally transfers ownership of a family heirloom, a valuable painting, to their grandchild, Emily, through a formal deed of gift.

  Explanation: Emily becomes the conveyee in this situation, as she is the individual receiving the legal ownership of the painting from her grandparent.

• Business Asset Transfer:

  Scenario: When Company A sells its manufacturing plant, including all the machinery and equipment within it, to Company B.

  Explanation: Company B is the conveyee because it is the entity receiving the legal transfer of the physical property (the plant, machinery, and equipment) from Company A.