Real Estate Glossary

Browse the glossary using this index

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G

grant

is the transfer of government owned land to private ownership. This is the functional opposite of land dedication.

grantee

is the party receiving an interest conveyed in a deed.

granting clause

Words of conveyance in a deed is the specific language that expresses the intention of the grantor to transfer their interest in the property ownership to the grantee.

grantor

is the property owner who is transferring their interest conveyed in a deed.

gross lease

lease of property which a landlord pays all property charges incurred through ownership, such as repairs, taxes, insurance, and operating expenses. Most residential leases are gross leases.

Keyword(s):

gross living area

is the total heated area of the house in square feet (SF) as measured from the exterior. Gross Living Area (GLA) does not include attic space, garage, or basement area. Also excluded from GLA is the second floor area of two story rooms such as living rooms, family rooms, great rooms, and morning rooms. However, it is common in some areas to include the second floor of a two-story foyer in the GLA.

Keyword(s):

groundwater

Water under the surface of the earth, which is standing or moving. This does not include water in underground streams.

Group boycotting

An illegal boycott where competitors agree not to do business with targeted individuals or businesses.

Example: the exclusion of a real estate firm from a multiple listing service.

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