1. A technical legal term that has the same effect as “convey” and “transfer” in a deed of conveyance bestowing an interest in real property on another. 2. A private grant is the transfer of real property from one person to another. 3. A public grant is a government transfer of ownership of public real property to a private party.
A limited warranty deed using the word “grant” or like words that assures a grantee that the grantor has not already conveyed the land to another and that the estate is free from encumbrances placed by the grantor.
A party who receives a transfer of real property by a grant deed.
The words in a deed of conveyance such as “convey and warrant”; “grant”; “grant, bargain and sell”; etc. that demonstrate the grantor’s intention to convey the property now.
A party who transfers his or her interest in real property to another by a grant deed.
A factor (number) used to arrive at an estimate of value for smaller commercial properties from the relationship between and by dividing the gross annual income (rent) into the selling or asking price of properties. See Gross Rent Multiplier.
The total floor area of a building which is usually measured from its outside walls..
(GDP) The total value of all goods and services generated through production by labor and property which is physically located within the confines of a country during a given period of time.
A mortgage in which the monthly payments increase annually, with the increased amount being used to reduce the outstanding principal balance and therefore shorten the overall term of the loan..
The total income from a property before any expenses are deducted.
