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...

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...

In real estate and land use law, a Grandfather Clause is a provision that allows an existing use, structure, or business to continue even though it no longer complies with current laws or regulations. The use was lawful when it was established but became nonconforming...

In real estate finance, a Graduated Payment Mortgage is a type of loan that allows for lower initial payments by deferring a portion of the principal at the beginning of the loan term. During the early years, typically the first three to five years, payments are...

In real estate leasing, a Graduated Lease is a lease agreement in which the rent changes over time according to a predetermined schedule. The increases may be based on the passage of time, periodic appraisals, or other agreed upon factors stated in the lease....

In real estate and construction, Grade refers to the level of the ground at the base or foundation of a building. It describes how the structure sits in relation to the surrounding land surface. Grade is important for drainage, structural integrity, and design...

In real estate finance, a Grace Period is the time allowed after a payment due date during which the payment may be made without being considered late or delinquent. This period is commonly included in mortgage and lease agreements. During the grace period, no late...

In real estate, the Government Survey System, also known as the rectangular survey system, is a method used to identify and describe the location of land. It divides land into a grid based on principal meridians and base lines, which serve as reference points for...

In real estate law, a Government Patent is a deed that conveys title to land from the government to a private individual or entity. It represents the original transfer of ownership from the government and establishes the first private title to the property. Government...

In real estate finance, the Government National Mortgage Association is a federal agency within the Department of Housing and Urban Development that operates in the secondary mortgage market. It is commonly known by its acronymic nickname, Ginnie Mae. Ginnie Mae’s...