Real Estate Glossary: G

Gable
A triangular wall enclosed by the sloping ends of a ridged roof or a triangular decorative feature

Gable roof
A ridged roof that forms a triangle at each end

General contractor
The person who hires all of the subcontractors and suppliers for a project.

GDS Ratio
Gross Debt Service Ratio. Lender’s allowable ratio of gross monthly payment to gross monthly income of mortgage applicant.

Grace period
A specified amount of time to make a loan payment after its due date without penalty.

Grant
A technical term used in deeds of conveyance to indicate a transfer of an interest or estate in land.

Grantee
The party to whom an interest in real property is conveyed.

Grantor
The party who conveys an interest in real property by deed.

Gross Income
Cash received from rental before subtracting expenses.

Guarantee mortgage
A loan guaranteed by a third party, such as a government institution.

Gutter
An eavestrough used to convey rainwater from the roof to the downspout.

Posted by:  Deya Bautista - Affiliated Real Estate Agent working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889

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