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Real Estate Terms - G

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Gross-Income Multiplier

A general appraising rule of thumb that, when multiplied by the gross annual income of a property, will estimate the market value. For example, the property sells for 7.2 times the gross Income.

Listing Last Modified: Fri Dec 21 2007

 

Ground Lease

A lease of vacant land.

Listing Last Modified: Fri Dec 21 2007

 


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Ground Rent

Rent paid for vacant land.

Listing Last Modified: Fri Dec 21 2007

 

Growing-equity mortgage (GEM)

A mortgage with payments that increase over a specified term. Increases are applied directly to principal reduction.

Listing Last Modified: Fri Dec 21 2007

 


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