What does the title 'vendee' refer to in a transaction?

The title 'vendee' specifically refers to the buyer in a transaction involving the sale of property. In legal terminology, the vendee is the individual or entity that acquires an interest in the property through purchase. This term is significant within the context of real estate transactions, as it helps to clarify the roles of the parties involved.

Understanding this term can assist individuals in navigating the documentation and legal obligations associated with property sales. It denotes the party that will receive ownership or rights to the property following the completion of the sale. The distinction between vendee (buyer) and vendor (seller) is essential in ensuring that all parties understand their rights and responsibilities in the transaction process.