Real Estate Glossary G

Click on the beginning letter of the real estate term to find the definition. A B C D E F H I J L M N O P Q R S T U V W Y

Grace Period: Additional time allowed to perform an act or make a payment before default occurs.

Grant: A term used in deeds of conveyance to indicate a transfer a real property.

Grantee: The party to who the title to real property is conveyed by deed; the buyer.

Grantor: The party who conveys real property by deed; the seller.

Gross Profit Percentage: Realized gain on the sale or exchange of real property divided by the net sales price of the property. Used to multiply by each year's principal received on a purchase money note to calculate the recognized gain for the year for tax reporting.