Legal Definitions - disponee

A disponee is the person or entity who receives property or an interest in property from another person or entity. Essentially, they are the recipient of a "disposition," which is a formal act of transferring or conveying ownership or rights. This term is often used in the context of wills, trusts, and property transfers.

• Example 1: Inheritance through a Will

  Scenario: After her grandmother passed away, Sarah was named in the will as the recipient of her grandmother's antique jewelry collection.

  Explanation: In this situation, Sarah is the disponee because she is receiving the jewelry collection as a result of her grandmother's disposition (the act of transferring ownership through the will).

• Example 2: Commercial Property Lease

  Scenario: Tech Innovations Inc. signed a long-term lease agreement to occupy the entire third floor of a new office building.

  Explanation: Tech Innovations Inc. is the disponee of a leasehold interest. The building owner, through the lease agreement, has disposed of certain rights to use and occupy the property to Tech Innovations Inc., making the company the recipient of that interest.

• Example 3: Charitable Donation of Land

  Scenario: Mr. Henderson decided to donate a parcel of undeveloped land he owned to a local environmental conservation trust.

  Explanation: The environmental conservation trust is the disponee. Mr. Henderson, as the disponor, formally transferred the ownership of the land to the trust, making the trust the recipient of that property.