The suffix "or" is used to denote the person who performs an action.
The suffix "ee" is used to denote the recipient of that action.
You will hear words like:
- Grantor - Grantee
- Lessor - Lessee
- Vendor - Vendee
- Optionor - Optionee
- Trustor - Trustee
- Mortgagor - Mortgagee
- Offeror - Offeree
The list can go on. The gist of it is, the -OR is the giver and the -EE receives.
Say this to yourself over and over again: "GrantOR, LessOR, OptionOR, VendOR makes me the GivOR of the PropertOR for your PleasOR." So if you see words like Give, Convey, or Sell, that is an OR. ?
Then say "GrantEE, LessEE, OptionEE, VendEE, gives MEE propertEE which makes me HapEE." So if you see words like Receive, Purchase, or Acquire, you know it is an EE.
It may seem silly, but when you are taking your exam and you see a question that you do not understand but you know one party is giving something and the other party is receiving something, you will be so excited.
A vendor sells to a vendee.
The grantor coveys property to a grantee, who receives it.
If they ask, "Who conveys property?" and you see an option that says Grantor and another option is a Grantee, you may not know anything about deeds, but you know the answer is Grantor because -OR is the conveyor.
Mortgagor and Mortgagee
People often get confused with a mortgagor and mortgagee because they do not understand why the mortgagor is the "OR" when that is the borrower receiving the money. What you need to realize is that it all depends on what is being received and what is being borrowed. The buyer/borrower is pledging the property. He or she is "mortgaging" the property and is known as the "mortgagor". The lender is the recipient of the pledge, and therefore is the "mortgagee".