Real Estate Glossary

The part of a deed expressing the grantor's intention to transfer his interest in his property to the grantor.

The seller; the person who conveys an interest in realty by deed.

A donation or contract made without consideration.

Total income derived from a business or income property before expenses are deducted.

A lease of property in which the lessor meets all property charges incurred through ownership.

A 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).

A lease for the use of the land, usually providing for improvements to be placed on the land by the user.

The 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.