LIBOR
Laches
Land
Land and improvement loan
Land contract
Land economics
Land grant
Land improvements
Land lease
Land planning
Land residual technique
Land trust certificate
Land use planning
Land use regulation
Landlocked
Landlord
Landmark
Landscape architect
Landscaping
Late charge
Late date order
Latent defects
Lateral support
Lath
Law
Lawful object
Layout
Lead
Lead-based paint
Lease
Lease option
Lease with an option to purchase
Lease-purchase agreement
Leased fee
Leasehold
Leasehold estate
Leasehold improvements
Leasehold policy
Leasehold value
Legacy
Legal
Legal Person
Legal age
Legal capacity
Legal description
Legal notice
Legal residence
Legal title
Legality of purpose
Legatee
Lender
Less-than-freehold estate
Lessee
Lessor
Letter of commitment
Level-payment loan
Leverage
Levy
Liability
Liability insurance
Liable
License
License laws
License year
Licensee
Licensing examination
Lien
Lien theory states
Life cycle costing
Life estate
Life of loan cap rate
Life tenant
Like kind property
Limited appraisal
Limited liability
Limited partnership
Limited-access highway
Line of credit
Linear Foot
Lintel
Liquidate
Liquidated damages
Liquidated damages clause
Liquidity
Lis pendens
Listing
Listing agent
Listing agreement
Listing broker
Listing contract
Litigation
Littoral
Littoral rights
Livery of seisin
Load center
Load-bearing wall
Loan administration
Loan application
Loan closing
Loan commitment
Loan correspondent
Loan fee
Loan maturity
Loan origination fee
Loan term
Loan terms
Loan value
Loan-to-value ratio
Local Housing Authority, LHA
Localization of income
Location
Location quotient
Location, Location, Location
Lock-in clause
Log cabin
Long-range planning
Long-term capital gain
Loss
Lot
Lot and block
Lot line
Lot split
Louver
Love and affection
Low-ball offer
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You chose: Legal description
A description of land recognized by law by which property can be positively located by reference to government surveys or approved recorded maps such as Lot, Block, and Tract; U.S. Government Survey; and Metes and Bounds.Legal description - A means of identifying the exact boundaries of land by metes and bounds, by a plat or by township and range survey system. Metes refer to measures; bounds refer to direction. Metes and bounds descriptions are means of describing land by measurement and direction from a known point or marker on land. A plat is a recorded map of land that identifies a parcel by a number or other designation in a subdivision. A township and range survey system is a system of legal description of land with a township as the basic unit of measurement. Abase line is a parallel that serves as a reference for other parallels. Meridians are the north-south lines of survey, 6 miles apart. Parallels are the east-west lines of survey, 6 miles apart. A principal meridian is a meridian that serves as a reference for other meridians. A range is a north-south row of townships; the 6-mile strip of land between meridians. A section is a 1-mile square in a township. A tier is an east-west row of townships; the 6-mile strip of land between parallels. A township is a 6-mile square of land bounded by parallels and meridians and composed of 36 sections. |
