Gross Lease
Gross Lease – David Reecher A gross lease is a lease in which the lessor pays all costs of operating and maintaining property, including the property taxes.... Read More
Grandfather Clause
Grandfather Clause – David Reecher A “grandfather clause” allows an activity to continue that was once considered acceptable or legal, but has since had the rules or laws changed. An ... Read More
Graduated Lease
Graduated Lease – David Reecher A graduated lease is a lease in which the rent changes from period to period over the lease term. This type of lease is usually used by a new business tena... Read More
Good Faith Estimate
Good Faith Estimate – David Reecher A Good Faith Estimate is an estimate of the fees a mortgage borrower will be required to pay at closing. It is required by Federal law that the lender ... Read More
Ginnie Mae
Ginnie Mae – David Reecher Ginnie Mae is the nickname for Government National Mortgage Association (GNMA), a U.S. government agency that purchases FHA and VA mortgages.... Read More
General Warranty Deed
General Warranty Deed – David Reecher A general warranty deed is a deed denoting an unlimited guarantee of title.... Read More
Functional Obsolescence
Functional Obsolescence – David Reecher Functional obsolescence is a flawed or faulty property that is rendered inferior because of advances or changes.... Read More
Foreclosure
Foreclosure – David Reecher Foreclosure is an enforcement process in which the lender under a defaulted mortgage takes title to the property for the purposes of selling it to recoup moneys owed... Read More