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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Contracts

guaranty
Law; Contracts

1. General: Written undertaking that something is of a specified benefit, content, or quality, or that it will provide satisfaction or will perform a duty or obligation in a ...

guarantor
Law; Contracts

Person or firm that endorses a three party agreement to guarantee that promises made by the first party (the principal) to the second party (client or lender) will be fulfilled, ...

guarantee phase
Law; Contracts

This is an alternative term for occupancy phase.

guaranteed maximum price (GMP)
Law; Contracts

Amount beyond which a client (project owner) is not obligated to compensate the contractor.

guarantee
Law; Contracts

In general, another way of spelling guaranty.

ground rent arrangement
Law; Contracts

A situation that occurs when someone owns a building or structure, but not the land underneath that structure. In this case the owners of that structure must pay rent for ...

grandfather clause
Law; Contracts

Provision that exempts certain entities from the full impact of an agreement, rule, or statute on the basis of preexisting arrangements or practices. A firm, for example, may ...

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