Dictionary

Definition:   a right granted a sales associate or broker associate to work various properties owned by affiliated entities under one owner developer. Pronunciation:   \ˈgrüp\ \ˈlī-sən(t)s\ Used in...

Definition:    A lease of land alone, sometimes secured by improvements placed on the land. Pronunciation:   \ˈgrau̇nd\ \ˈlēs\ Used in a Sentence:   We signed a ground lease for the property we wan...

Definition:   A rule of thumb for estimating the market value of income-producing residential property. Pronunciation:   \ˈgrōs\ \ˈrent\\ˈməl-tə-ˌplī(-ə)r\ Used in a Sentence:   The agent used the ...

Definition:  A lease of property in which the lessee pays a fixed rent and the lessor pays all of the expenses associated with the property. Pronunciation:   \ˈgrōs\ \ˈlēs\ Used in a Sentence:   We...

Definition:  a rule of thumb for estimating the market value of commercial and industrial properties,  the ratio to convert annual income into market value. Pronunciation:   \ˈgrōs\\ˈmär-kət\\ˈməl-...

Definition:  legislation that authorizes county property appraisers to assess land used for agricultural purposes according to its current value as agricultural land. Pronunciation: Used in a Sente...

Definition:   the person transferring title to, or interest in, real property; seller. Pronunciation:   \ˈgran-tər, -ˌtȯr; gran-ˈtȯr\ Used in a Sentence:   Once the grantor had signed the deed th...

Definition:   the provision in a deed that specifies the names of the parties involved, the words of conveyance and a description of the property. Pronunciation:   \ˈklȯz\ Used in a Sentence:   We...

Definition:   The party who receives a conveyance of real property; buyer. Pronunciation:  \gran-ˈtē\ Used in a Sentence:    At the closing the grantee received the deed to the property.