Terms G Flashcards
An agent with the full authority over one property of the principal, such as a property manager.
General Agent
A lien that attaches to all personal and real property of a person or firm.
General Lien
A primary horizontal structural element. Typically a deep beam in which smaller joists or beams frame into.
Girder
A time past the deadline for an obligation during which a late penalty that would have been imposed is waived.
Grace Period
A lease which provides for a graduated change at stated intervals in the amount of the rent to be paid; used largely in long-term leases.
Graduated Lease
A type of fixed-rate mortgage in which the payment increases gradually from an initial low base level to a desired, final level.
Graduated Payment Mortgage
The buyer in a transaction.
Grantee
The seller in a transaction.
Grantor
Total income from property before any expenses are deducted.
Gross Income
A lease of property whereby the lessor is to meet all property charges regularly incurred through ownership.
Gross Lease
An agreement in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner.
Ground Lease
Water located beneath the earth’s surface in soil pore spaces and in the fractures of rock formations.
Groundwater
An agreement between members of a trade to exclude other members from fair participation in the trade.
Group Boycott
A home where a small number of unrelated people in need of care, support, or supervision can live together, such as those who are elderly or mentally ill.
Group Home
