Glossary: L

Lease
A written document between a landlord and tenant stipulating the conditions of a property rental.

Lien
A legal claim to property due to money owed.

Listing
This is a property that is available for sale or rent.

Loft
This is a space that was formerly commercial (often a factory or warehouse) that has been converted into residential space. They often have wide, tall windows, high ceiling and exposed brick walls.

Lot
A parcel of land that has been measured.

Glossary Index