A metallic chemical element present in older dwellings, primarily in the form of lead-based paint and lead plumbing. Exposure to lead has been found to be a health risk. …
Leader
A pipe that carries rainwater from the gutters to the ground, sewers, or wells. …
Lease
A binding agreement that contains the terms and conditions of a renter's occupancy. …
Lease Option
A lease that contains the right to purchase the property for a specific price within a certain time frame. …
Lease Purchase
A type of delayed closing. The lease purchase contract sets the closing date and provides remedies to the seller if the buyer defaults. …
Leasehold
The limited interest in a property held by a tenant; primarily the right to inhabit it for a specified period of time. At the end of the lease, the property reverts to the owner or landlord. …