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Real Estate Glossary
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G Terms :
Gable
The triangular part of a building's end wall which extends up to meet the two slopes of a roof.
Garnishee
To legally divert part or whole of someones money or property to someone else, e.g. for Child Support Payments.
Gazumping
Where a seller agrees to sell to one buyer but then either sells to another buyer or raises the price when two or more buyers show interest.
Gearing
The ratio of your own money and borrowed funds for investment. See Negative Gearing.
Graduated Lease
A lease, generally long term in nature, which provides that the rent will vary depending upon future contingencies, such as a periodic appraisal, the tenant’s gross income or simply the passage of time.
Gross Building Area
The total floor area of the building measuring from the outer surface of exterior walls and windows and including all vertical penetrations (e.g. elevator shafts, etc.) and basement space.
Gross Income
Income before taxes are deducted.
Guarantor
A person who agrees to indemnify the holder of a loan all or a portion of the unpaid principal balance in case of default by the borrower.


 


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