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Latent defect
Latent defect Hidden structural defect.
RELATED TERMS--------------------------------------
Defect
A condition that materially affects the value or use of residential property in an adverse manner.
SIMILAR TERMS--------------------------------------
Late charge
A penalty for failure to pay an installment on time.
Late payment
A sum a borrower sends to a lender that is received past the date when it was due.
Late payment fee
Charge imposed on a debtor for not paying on time.
Lateral support
The right to have land supported by the adjoining land or soil beneath.
PREVIOUS AND NEXT TERMS--------------------------------------
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.
Late charge
A penalty for failure to pay an installment on time.
Late payment
A sum a borrower sends to a lender that is received past the date when it was due.
Late payment fee
Charge imposed on a debtor for not paying on time.
Latent defect
Lateral support
The right to have land supported by the adjoining land or soil beneath.
Latitude
Distance on the earth's surface, measured northward or southward from the equator measured in degrees of the meridian; angular distance reckoned on a meridian.
Laundry
If the motel has 40 units or more, the laundry will usually have two 50 lb. Commercial washers with automatic soap injection and one or two large dryers.
Law of agency
A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate broker to be his or her agent.
Leach
Water that collects contaminants as it trickles through wastes, pesticides, or fertilizers. Leaching may occur in farming areas, feedlots, and landfills, and may result in hazardous substances entering surface water, ground water, or soil.
This dictionary contains 6433 terms. |
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