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Land contract
Land contract Installment plan for buying a house, used as an alternative to obtaining a loan from a traditional, source such as a mortgage banker or savings and loan.
RELATED TERMS--------------------------------------
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Mortgage
A legal document pledging property as security for the payment of a loan.
SIMILAR TERMS--------------------------------------
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Land Certificate
Proof of ownership for a property with no mortgage on it. Gives details of the boundaries of the property and covenants affecting it.
Land locked
Land lockedis the parcel of real property that has no access or egress (entry or exit) to a public street and that can be reached only by crossing another's property.
Land registration
The process by which the owners of a property officially register the title in their name.
Land registry fee
A fee paid to register ownership of an area of land with the Land Registry. It is charged on a sliding scale according to the value of the property.
Land surface
Land surfacerefers to the ground surface, the upper surface of the solid earth.
Land survey
Land surveyrefers to accurately determining the terrestrial or 3D space position of points and the distances and angles between them.
Land tax
An annual tax paid to the state government, calculated according to the value of the property. In NSW the rate is adjusted yearly and it is up to the land owner to determine if they are liable to pay.
Land trusts
A few states permit the creation of land trusts, in which real estate is the only asset. As in all trusts, the title to the property is conveyed to a trustee, and the beneficial interest belongs to the beneficiary. In the case of land trusts, however, the beneficiary is usually also the trustor.
Land use
Land useis the exploitation of land for agricultural, residential, industrial, recreational or other purposes.
Landfill
A landfill is an enormous hole, either excavated for the purpose of waste disposal or left over from a surface mining operation. The hole is lined with clay or a synthetic lining to prevent leakage of waste into the surrounding water supply.
Landlord
One who rents property to a tenant.
Landlord's warrant
A warrant from a landlord to levy upon a tenant's personal property (e.g., furniture, etc.) and to sell this property at a public sale to compel payment of the rent or the observance of some other stipulation in the lease
Landlord’s reference
A lender may refer to a landlord’s reference to check the borrower’s previous rent payment history and assess whether they constitute a lending risk.
Landscape
A home's surroundings can range from a shrub-studded emerald lawn to a native-plant xeriscape. It is a major component of curb appeal.
Landscape architect
A professional who holds a degree in landscape architecture, which involves training in horticulture, landscape design and planning.
Landscape contractor
A professional who carries out the plans of a landscape architect or a landscape designer.
Landscape designer
A landscape designer has training in horticulture and landscape planning, but does not necessarily hold a degree.
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Loan 403(b)
An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 403(b) plans are provided by employers that are not for profit organizations.
Loan 80-10-10
A combination of an 80 percent loan-to-value first mortgage, a 10 percent home equity loan and a 10 percent down payment.
Laches
An equitable doctrine used by courts to bar a legal claim or prevent the assertion of a right because of undue delay or failure to assert the claim or right.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Land Certificate
Proof of ownership for a property with no mortgage on it. Gives details of the boundaries of the property and covenants affecting it.
Land contract
Land registration
The process by which the owners of a property officially register the title in their name.
Land registry fee
A fee paid to register ownership of an area of land with the Land Registry. It is charged on a sliding scale according to the value of the property.
Land tax
An annual tax paid to the state government, calculated according to the value of the property. In NSW the rate is adjusted yearly and it is up to the land owner to determine if they are liable to pay.
Land trusts
A few states permit the creation of land trusts, in which real estate is the only asset. As in all trusts, the title to the property is conveyed to a trustee, and the beneficial interest belongs to the beneficiary. In the case of land trusts, however, the beneficiary is usually also the trustor.
Landfill
A landfill is an enormous hole, either excavated for the purpose of waste disposal or left over from a surface mining operation. The hole is lined with clay or a synthetic lining to prevent leakage of waste into the surrounding water supply.
This dictionary contains 6433 terms. |
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