Friday, May 10, 2024, 2:43 PM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
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GRANTING CLAUSEThe part of a deed expressing the grantor's intention to transfer his interest in his property to the grantor. |
GRANTORThe seller; the person who conveys an interest in realty by deed. |
GRATUITOUS - Civil Law TermA donation or contract made without consideration. |
GROSS INCOMETotal income derived from a business or income property before expenses are deducted. |
GROSS LEASEA lease of property in which the lessor meets all property charges incurred through ownership. |
GROSS MULTIPLIERA number which is used to determine the approximate selling price for income property by multiplying the gross income times this number. (Income X Multiplier = Selling Price). |
GROUND LEASEA lease for the use of the land, usually providing for improvements to be placed on the land by the user. |
GROUND RENTThe net rent paid for a parcel of unimproved land; that portion of the total rental is considered to represent a return upon the land only. |