The triangular part of a building's end wall which extends up to meet the two slopes of a roof.
Gaj or Square Yards
Unit of Area Measurement. 1 square yard = 0.837 square metre or 9 square feet
Garnishee
To legally divert part or whole of someones money or property to someone else, e.g. for Child Support Payments.
Gazumping
Where a seller agrees to sell to one buyer but then either sells to another buyer or raises the price when two or more buyers show interest.
Gearing
The ratio of your own money and borrowed funds for investment. See Negative Gearing.
Gold clause
A clause in a lease which provides for the rent to be reviewed with reference to the price of gold.
Graduated Lease
A lease, generally long term in nature, which provides that the rent will vary depending upon future contingencies, such as a periodic appraisal, the tenant
Greased Lease Back
The disposal by a freehold or leasehold owner of his interest on a property or leasehold interest where the rent payable is geared to a fixed percentage of some variables, often rack-rental value.
Green Field Site
An area of land, usually in the edge of a town or city or away from substantial urban areas, hitherto undeveloped but for which development is now proposed.
Gross Building Area
The total floor area of the building measuring from the outer surface of exterior walls and windows and including all vertical penetrations (e.g. elevator shafts, etc.) and basement space.
Gross External Area (GEA)
The aggregate superficial area of a building taking each floor into account. As described in the RICS/ISVA Code of Measuring Practice (UK), this includes: external walls and projections, internal walls and partitions, columns, piers, chimney-breasts, stairwells, and lift wells, tank and plant rooms, fuel stores whether or not above main roof level and open-sided covered areas and enclosed car-parking areas, terraces etc.
Gross Income
Income before taxes are deducted.
Grounds
Unit of Area Measurement. 1 ground = 223.20 square metre
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.
Guntha
Unit of Area Measurement. 1 guntha = 101.28 square metre
