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Real Estate Glossary

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Gated Community

It is a modern residential community or housing estate having strictly controlled entrances for pedestrians and automobiles, and often characterized by a closed perimeter of walls.

Greased lease back

The disposal of the interest on a property by a freehold or leasehold owner where the rent is geared to a fixed percentage of some variables.

Green field site

An underdeveloped area of land away from urban areas, which is now proposed for development.

Gross Building Area

The total floor area of the building starting from the outer surface of exterior walls and windows including all vertical penetrations (e.g. elevator etc.) and basement area

Guarantor

A person who agrees to indemnify the holder of a loan all or a portion of the unpaid principal balance in case of default by the borrower.

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