The Real Estate
Encyclopedia: F-J

In real estate leasing, a Gross Lease is a lease agreement in which the landlord agrees to pay some or all of the operating expenses associated with the property. These expenses commonly include property taxes, insurance, maintenance, and sometimes utilities. Under a...

In real estate, Gross Income refers to the total income generated by a property or business before any expenses are deducted. It includes all scheduled or potential income, whether actual or estimated, such as rent, service fees, or other revenue sources. Gross income...

In real estate, Gross Income refers to the total income generated by a property or business before any expenses are deducted. It includes all scheduled or potential income, whether actual or estimated, such as rent, service fees, or other revenue sources. Gross income...

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....

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...

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...

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...

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...