Glossary-G

Garden Apartment

  • A housing layout wherein tenants have common access to the garden or lawn outside

Grace Period

  • An extension in duration given by the lender to the borrower for the repayment of the loan due amount

Graduated Lease

  • A type of lease where the rent amount changes from time to time depending on the nature of tenant business

Green Zone

  • Area specifically reserved for green vegetation

Ground Lease

  • Leasing of unused barren land for construction purposes

Gross Lease

  • A lease wherein the leasee has paid the operating costs and other related charges well in advance

Guntha

  • Unit of measurement; 1 Gunta = 121 square yards = 101.17 square metres

 Guarantor

  • A person who acts as a guarantee in case the borrower defaults on the loan settlement