What is the process called when the title to a property is delivered by the grantor and accepted by the grantee?

The process of delivering the title to a property by the grantor and having it accepted by the grantee is known as "delivery and acceptance." This step is crucial in real estate transactions, as it signifies the completion of the transfer of ownership. Delivery refers to the act of the grantor physically transferring the deed to the grantee, while acceptance is the grantee's acknowledgment of receipt and willingness to take ownership of the property.

This process is foundational in ensuring that the transaction is valid and legally binding. Without both delivery and acceptance, the transfer of title might not be recognized legally, leaving unresolved ownership issues. The terms surrounding this process highlight the importance of mutual consent between the parties involved in property transactions, emphasizing that both the grantor and the grantee play essential roles in finalizing the transfer of real estate.

Other options like title transfer might encompass more steps than just the direct actions of delivery and acceptance, making them less precise in this context. Similarly, the closing process indicates the entire procedure involved in the transfer, which includes various steps beyond just the act of delivering and accepting the title. Deed exchange is a more informal term that doesn’t capture the crucial elements of acknowledgment inherent in the delivery and acceptance process.