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Gable

A gable roof is an inverted V style roof.

 


Gambrel

Gambrel style roofs are often noted as barn roofs, they are steep at the end, but much less steep toward the center.

 


General Warranty Deed

A deed that covenants that a grantor will protect the grantee in the event of a claim that there is a defective title to a property.

 


Government Lot

Irregularly shaped Quarter sections of land, typically caused to be irregular due to natural objects like bodies of water, are described as Government Lots.

 


Government Survey

A system of land survey that has a rectangular basis that divides districts into 24 square mile segments from a Meridian (North-South) and a Baseline (East-West), and these segments are further divided into 6 square mile Townships. Townships are similarly divided into 36 parcels nearly 1 square mile in size called Sections.

 


GNMA

The Government National Mortgage Association is a outgrowth of the FNMA. The organization was designed to assist in the management and liquidation of the original FNMA.

 


Grade

The elevation of a property.  

 


Grantee

The person to whom real estate is transferred or conveyed.

 


Grantor

The person who transfer (conveys) real estate.

 


Gross Rent Multiplier (GRM)

A market derived figure that can provide a general indication of value when multiplied by gross rental income. A "GRM" figure is usually arrived at by an appraiser by dividing the sales price of a number of similar or comparable sales by their rental income, and then reconciling the figures.

 


Ground Lease

Synonymous with a land lease, a ground lease is a lease on vacant land only. This type of lease is often given by corporations, estates and individuals who expect to benefit from the land over the long term. A sales/lease analysis is used to forecast the benefit of holding a parcel of land versus selling it outright. Properties with exceptional locations, where their highest and best use may improve over time, are often held by farsighted owners.

 


 

 



Copyright 2007 Horizon Village Realty & Appraisal

Commercial Real Estate Appraisals in the Las Vegas & Henderson, Nevada Area.