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Real Estate Glossary of Terms
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Term Definition
Gable Roofone with a triangle, with the ridge forming an angle at the top and each eave forming an angle at the bottom.
Gainan increase in money or property value.
Garden Apartmentsa housing complex whereby some or all tenants have access to a lawn area.
General Contractorone who constructs a building or other improvement for the owner or developer.
General Liena lien that includes all of the property owned by the debtor, rather than a specific property.
General Warranty Deeda deed in which the grantor agrees to protect the grantee against any other claim to title of the property.
Gentrificationthe displacement of lower income residents by higher income residents in a neighborhood.
Graduated-Payment Mortgage(GPM)A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then remains fixed.
Granteethe party to whom title to real property is conveyed.
Grantorthe party who gives the deed.
Gross Debt Servicethe amount of money needed to pay principal, interest and taxes, and sometimes energy costs. If the dwelling unit is a condominium, all or a portion of common fees are excluded, depending on what expenses are covered.
Gross Monthly IncomeIncome before deductions for taxes, social security, saving plans, court ordered child support, etc.
Gross Rent Multiplierthe sales price divided by the gross annual rental rate.
Ground Leaseone that rents the land only.

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