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Terms & Definitions L-2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Lessee   show
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show The Landlord in a Landlord (lessor) and Tenant (Lessee) relationship.  
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Letter of Compliance   show
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Letter of Interim Control   show
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License   show
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Lien   show
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show An interest in real or personal property, that is limited to the life of the owner or some other specified individual.  
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Lis Penden   show
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show An agreement between a seller and the broker, to act as an agent for the sale of the property. Maybe written or verbal.  
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Littoral Rights   show
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Location   show
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Long Term Investment   show
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show Method of land description, that refers to a specific lot within a grouping of lots on a block on a map, or plat that has been recorded at the registry.  
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show Total prior 12 month income of all unit occupants is less than 80% of area median income, as set forth by H U D. Used in condominium conversion law in Mass, to set special condo conversion protection.  
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Loyalty   show
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