The Real Estate
Encyclopedia: F-J

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...

In real estate and business valuation, Goodwill is an intangible but transferable asset that reflects the value of a business beyond its physical assets. It is based on the expectation of continued customer loyalty, reputation, brand recognition, and established...

In real estate, a Gift Deed is a deed used to transfer ownership of property from a donor to a donee without any consideration, meaning no money or other value is exchanged. The transfer is made voluntarily as a gift. Although no consideration is involved, a gift deed...

In real estate and legal contexts, a General Lien is a lien that attaches to all property owned by a debtor, rather than to a specific parcel of real estate. This type of lien gives the creditor a broad claim against the debtor’s assets. General liens commonly arise...