|
| | |
Lessor
Lessor An owner who contracts into a lease with a tenant (lessee).
RELATED TERMS--------------------------------------
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).
Tenant
Any person in possession of real property with the permission of the owner.
SIMILAR TERMS--------------------------------------
Lessee
An individual (i.e., tenant) to whom property is rented under a lease.
PREVIOUS AND NEXT TERMS--------------------------------------
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
An individual (i.e., tenant) to whom property is rented under a lease.
Lessor
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.
Leverage
Using someone else's money to purchase a property. Refers to the ability to use the investment as collateral for a loan.
This dictionary contains 6433 terms. |
|
|
