Land reclamation
- Process of renewing land which once held water
Landscaping
- Landscaping refers to any form of activity which changes the noticeable layout of a plot of land
Landlord
- Owner of the property which is given out on rent
Land Tax
- Tax levied for the usage of land
Lease
- Lease is where there are no two kinds of payments made to the landlord by the tenant unlike a rental transaction
Lease Hold
- A lease hold property is leased from the freeholder for a specific period of time on certain terms and conditions
Lessee
- A person leasing the property
Lessor
- Owner of the property which is given out on lease
Liabilities
- A record of debts incurred by an individual or an organization
License
- A legal grant of right to an action which otherwise would be declared illegal
Liquid Asset
- Cash or an assest that can be converted to cash easily
LOI
- The Letter Of Intent is an offer letter to buy a commercial place
Loan
- Amount given as debt by a lender to the borrower
Loft
- A chamber close to the ceiling of a room