Common Real Estate Terms

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There are currently 2 names in this directory beginning with the letter G.
General Partner (GP)
A General Partner is a person who has responsibility for the company's actions, can legally bind the business, and is liable for the business's debts and obligations personally.
Gross Potential Income (GPI)
Gross Potential Income (GPI) represents the total potential rental income that a multifamily community could generate under ideal circumstances. It is calculated based on the assumption of 0% vacancy and no rental payment issues, using the average market rent in the same geographic area. This metric is also known as Gross Potential Rent (GPR).
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