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Graduated lease
Graduated lease A lease, generally long-term in nature, in which rent varies depending upon future contingencies
RELATED TERMS--------------------------------------
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
Rent
Compensation from tenant to landlord for the use of real estate.
SIMILAR TERMS--------------------------------------
Grade
The elevation of land above level ground.
Grade level
The flat or sloping surface upon which a house is built.
Graduated commission splits
Other companies have graduated commission splits based on a salesperson's achieving specified production goals.
Graduated-payment mortgage (GPM)
A loan in which the monthly principal and interest payments increase by a certain percentage each year for a certain number of years and then level off for the remaining loan term.
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Government survey system
A system of land description that applies to much of the land in the United States, particularly in the western states; also called the geodetic or rectangular survey system.
Grace Period
Additional time allowed to complete an action (e.g., make a payment) before a default or violation occurs.
Grade
The elevation of land above level ground.
Grade level
The flat or sloping surface upon which a house is built.
Graduated commission splits
Other companies have graduated commission splits based on a salesperson's achieving specified production goals.
Graduated lease
Graduated-payment mortgage (GPM)
A loan in which the monthly principal and interest payments increase by a certain percentage each year for a certain number of years and then level off for the remaining loan term.
Grandfather Clause
The clause in a law permitting the continuation of a use, business, etc., which was permissible but because of a change in the law is now no longer permissible.
Granny flat
Slang term for a separate unit in a house or above the garage, which in the past may have been occupied by an elderly relative.
Grant
To bestow or transfer an interest in real property by deed or other instrument
Grant deed
A type of deed in which the grantor warrants to the grantee, that he has not previously conveyed the estate, that he has not encumbered the property (except as noted in the deed) and that he will convey any title to the property he may later acquire.
This dictionary contains 6433 terms. |
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