Terms with Tag Realty

  • Fully Finished (F/F)Acronym,
    • Fully Furnished (F/F)Acronym,
      • Furniture, Fixtures & Equipment (FFE, FF&E)Acronym,
          Mortgage lender term.
        • Garage (grg, gar)Abbreviation,
            Capacity of garage (number of cars).
          • Garage, Attached (g/a)Abbreviation,
            • General Contractor Definition,
              • The person or company that performs work on a construction project, hires subcontractors and suppliers, or both.
            • Generic Environmental Impact Statement (GEIS)Acronym,
              • Greater Montréal Real Estate Board (GMREB) Company Est. 1954, Île-des-Soeurs, Québec, Canada,
                • Non-profit organization that works with real estate brokers within the Greater Montréal area.
              • Gross Income Multiplier (GIM)Acronym,
                  In relation to investment property.
                • Gross Living Area (GLA) Acronym, Important,
                  • The gross above ground, finished living area in a property.
                  Above ground total floor area of a home excluding porches and balconies.
                • Gross Market Value (GMV)Acronym,
                  • Gross Rent Multiplier (GRM)Acronym,
                    • Gross Scheduled Income (GSI)Acronym,
                      • Ground Rent Definition,
                        • Amount a leaseholder pays periodically for use of land only.
                      • Guarantor Definition,
                        • Someone who guarantees something.
                      • Half-bath (½ ba, ½ bth, hbh, ½ bath) Abbreviation,
                        • A bathroom with a toilet and a sink.
                        • A room that contains a toilet and sink, but no tub or shower.
                        • A bathroom with a toilet, a sink, and a bathtub or shower (usually a shower rather than a tub).
                      • Harbour (hrbr, hbr)Abbreviation,
                        • Hectare Definition,
                          • An area equal to 100 meters by 100 meters
                        • Heritage Conservation Definition,
                          • Protecting historical and culturally important buildings, structures or environments like a park or garden.
                        • Historic Structure Definition,
                          • Important structure significant to history
                        • Holdback Definition,
                          • A dollar amount that is withheld by the lender during construction of a home to ensure construction is satisfactory at every stage. The amount of hold-back is typically equivalent to the estimated cost to complete the construction.
                        • Home Buyers' Plan (HBP) Acronym, Canada, Very Important,
                          • A way for a homebuyer to use part of his or her RRSP as a down payment on a mortgage.
                          Government assistance for first-time homebuyers.
                        • Home Inspection Definition,
                          • A thorough examination of a house's visible structural parts and systems, conducted before purchase.
                        • Home Inspector Definition,
                          • A person who has a broad general knowledge relating to basic home construction, common household problems and methods for their correction.
                        • Home Warranty Definition,
                          • A policy that guarantees workmanship on construction of a home and functionality of some appliances, and which pays for repairs for a specified period.
                        • Homeowners Insurance Definition,
                          • A policy that includes hazard coverage, covering loss or damage to property and/or assets located within, as well as coverage for personal liability and theft.
                        • Homeowners Insurance Binder Definition,
                          • A document accompanying a homeowner's insurance policy that verifies the property is properly insured.
                        • Homeowners' Association (HOA) Company,
                          • An elected group that governs a subdivision or planned community. It collects fees from owners to maintain common areas and enforce covenants, conditions and restrictions set by the developer and the association itself.
                        • Housing and Urban Development Association of Canada (HUDAC)Company, Canada,
                            See Canadian Home Builders Association (CHBA).
                          • Housing Discrimination Definition,
                            • The illegal practice of discriminating against buyers or renters of dwellings on the basis of race, colour, religion, national origin, sex, family status or disability.
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