Gift Deed

A deed for which the consideration is love and affection and where there is no material consideration.

GI Loan

Analyzed by and approval granted by Veterans' Administration. Also called VA loan. Only eligible veterans may apply. Veterans' Administration guarantees a portion of the loan to the lender against loss.

Graduated Lease

A type of long-term lease agreement which provides for a fixed rental fee during the initial period of the lease with increases and/or decreases in rental amount at stated times during the balance of the contract term.

Grant Deed

A technical legal term in a deed of conveyance bestowing an interest in real property on another. The words "convey" and "transfer" have the same effect.

Grantee

The purchaser; the person to whom a grant is made.

Grantor

Seller of property; one who signs a deed.

Gross Income

Total income from property before any expenses are deducted.

Guarantee of Title

The opinion of a title company backed by its assets as to the true condition of the title to a certain piece of land at a particular time, as shown by the public records in the recording office.