A specific way of identifying and locating a piece of real estate that is acceptable to a court. …
Lender
A bank, savings institution, or mortgage company that offers home loans. …
Lessee
A person to whom property is rented under a lease. …
Lessor
A person who rents property to another under a lease. …
Letter of Intent
A formal statement that the buyer intends to purchase the property for a certain price on a certain date. …
Leverage
The use of a small amount of cash (for example, a 5 percent down payment) to buy a piece of property. …