A 100 foot chain containing 100 links of one foot apiece. …
Gunter’s Chain
Unit of length equal to 66 feet, or 4 poles. This unit was apparently defined as one tenth of a furlong, a common unit of length in the old days. The mile was redefined from 5000 feet to 5280 feet in …
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Old English unit of area usually equal to 120 acres. …
Labor
The labor is a unit of area used in Mexico and Texas. In Texas it equals 177.14 acres (or 1 million square varas). …
Lease to Purchase Option
Buying a piece of property by renting for a specified period, usually one year, with the provision that you will purchase the property at the end of that period for a predetermined sale price. …
Loan to Value (LTV)
The ratio between the mortgage loan amount and the value of the property usually expressed as a percentage, i.e. 75% LTV. The value of the property for lending purposes is the purchase price or …