An analysis of a building project's expected operating, maintenance and replacement costs, calculated by an architect. …
Lifetime Rate Cap
In an adjustable rate loan (ARM), a maximum interest rate or "ceiling" that may not be exceeded under any circumstances over the entire life of the loan. …
Limited Partnership
Real estate syndicates and other investment groups use this type of ownership.. A general partner makes the group's investment decisions, oversees the investment and is principally liable for any …
Line Tree
Any tree that is on a property line, specifically one that is also a corner to another property. …
Link
Unit of length equal to 1/100 chain (7.92 inches). …
Lintel
A horizontal piece over a door or window that carries the weight of the structure above it. …