Ground Floor

Definition of "Ground floor"

The floor of a building closets to the building grade. Normally, the ground floor of a building is the first floor. A ground floor can sometimes be located between the first floor and the basement or cellar of a building. In all cases, the ground floor is part of the useable area of a building.

Search Real Estate Glossary

Related Real Estate Glossary terms

Inharmonious

Inappropriate and possibly harmful use of land. For example, a factory located on the shore of a riv ...

Speculative Risk

Uncertain prospect of financial gain or loss. A business investment that could either return a profi ...

Current Disbursement

Payment of premiums and benefits as they come due. In pension plans, known as the "pay as you go bas ...

Federal Housing Administration Insured Mortgage

Under a FHA-insured mortgage, both the property and the borrower must meet certain minimum standards ...

Nondisabling Injury

Injury that does not qualify either for partial or total disability income under a disability income ...

Sales Incentive

Extra compensation given to a real estate broker who has surpassed his sales quota (e.g., number of ...

Related Real Estate FAQ

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? 10 Tips for Homebuyers Mortgage Loan Types How To Sell Your Home Real Estate Open House - The Dos and Don

FAQ

What is a commitment letter? What do I need to know about Homeowners Insurance? What is a mortgagor? What is a APR Loan? How Much Will My Principal Be?