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Land locked
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.
RELATED 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.
Parcel
An officially described piece of land.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Access
Any means by which a person can enter property.
Egress
A way to exit from a property; the opposite of ingress.
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 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.
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.
PREVIOUS AND NEXT TERMS--------------------------------------
Low-rise
A building with fewer than four stories above ground level
Low-start low-cost endowment
Similar to a low cost endowment, the difference being that premiums are lower at the beginning of the loan and then rise in the future.
Loyalty
The duty of loyalty requires the agent to place the principal's interests above those of all others, including the agent's own self-interest.
Lump-sum contract
A type of construction contract requiring the general contractor to complete a building or project for a fixed cost normally established by competitive bidding.
Like kind exchange
Like kind exchange or 1031 exchange is defined by section 1031 of the Internal Revenue Code of US. This section's code specifies that if an asset, a form of real estate: land or building, is sold and the proceeds of the sale are reinvested in a like kind of an asset, then no gain or loss is recognized, allowing the deferment of capital gains taxes.
Land locked
Land use
Land useis the exploitation of land for agricultural, residential, industrial, recreational or other purposes.
Land survey
Land surveyrefers to accurately determining the terrestrial or 3D space position of points and the distances and angles between them.
Land surface
Land surfacerefers to the ground surface, the upper surface of the solid earth.
This dictionary contains 6433 terms. |
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