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Lessee
Lessee An individual (i.e., tenant) to whom property is rented under a lease.
RELATED TERMS--------------------------------------
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.
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
SIMILAR TERMS--------------------------------------
Lessor
An owner who contracts into a lease with a tenant (lessee).
PREVIOUS AND NEXT TERMS--------------------------------------
Legatee
A person who receives money or personal property under a will.
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Lender’s fee
Lender's fees cover fees such as arrangement fees, booking charges, administration fees etc.
Lender's escrow instructions
A lender's written instructions to the escrow company stating the conditions which must be met before the deed of trust can be recorded.
Lender's Instructions
A document that lenders prepare for the closing agent that outlines the requirements for loan closing.
Lessee
Lessor
An owner who contracts into a lease with a tenant (lessee).
Letter of Credit
A commitment by a bank or other person that the issuer will honor drafts or other demands for payment upon full compliance with the conditions specified in the letter of credit.
Letter of Intent
An informal, usually non-binding, agreement among parties indicating their serious desire to move forward with negotiations.
Level of Control on a Listing Agreement
The form used when specifying the level of control of the listing in its title and language.
Level term assurance
Pays out a lump sum if the borrower dies before the mortgage has been paid off. This is a set amount that does not decrease over time - regardless of how much of the mortgage has been paid off.
This dictionary contains 6433 terms. |
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