Gross Area

In real estate and construction, Gross Area refers to the total area of a building measured by its exterior dimensions. This measurement includes all enclosed space within the outer walls, regardless of whether the interior space is usable, accessible, or rentable....

Gross Acre

In real estate, a Gross Acre refers to a full acre of land containing 43,560 square feet, without deductions for roads, easements, setbacks, or other nonusable areas. It represents the total area of the parcel as measured. Gross acreage is often used in initial land...

Grantor

In real estate, a Grantor is the person or entity that transfers ownership or an interest in real property to another party. The grantor is the one who conveys the property rights through a deed. The grantor must have the legal authority to transfer the interest being...

Grantee

In real estate, a Grantee is the person or entity to whom real property or property rights are conveyed. The grantee is typically the buyer in a real estate transaction and receives title through a deed. The grantee’s rights are defined by the type of deed used and...

Grant Deed

In real estate, a Grant Deed is a type of limited warranty deed that uses the word “grant” or similar language to convey title to real property. By using this form of deed, the grantor implicitly assures the grantee that the property has not previously been conveyed...

Grant

In real estate law, Grant is a technical legal term used in a deed to convey an interest in real property from one party to another. It signifies the act of transferring ownership or a property interest through a formal written instrument. The terms convey and...