Glossary
L
LAND AGENT – A term commonly used for estate agents in some
States.
LAND BROKER (S.A.) – A person having successfully completed the
appropriate education course and obtained a licence from the Land Brokers
Licensing Board can then transact business under the provisions of the Real
Property Act. Such person after a contract has been signed prepares the
necessary documents and adjustment sheets to effect settlement.
LANDLORD – The owner of leased property. The lessor.
LANDSCAPING – The work of the landscape architect, landscape
gardener or landscaper; treatment of lawn and plantings to enhance the
appearance of a lot.
LAND TAX – An annual tax paid to the state government,
calculated according to the value of the property.
LAND USAGE – The use being made of land or the uses permitted
under zoning ordinances. Zoning ordinances act to control land usage in a
community by establishing building codes and set back requirements. Proper land
usage attempts to assign the highest and best use to each parcel.
LEAN-TO – A small structure with a single pitched roof, usually
erected against an outside wall of a larger structure.
LEAN TO ROOF – A sloping roof supported on one side by the wall
of an adjacent building.
LEASE – Possession but not ownership of a property for a set
period of time. The terms and conditions are set out in a document signed by
both tenant and owner.
LESSEE – One who possess the right to use or occupy a property
under a lease agreement.
LESSOR – Property owner who rents it out.
LIMITED TITLE – The Torrens Title that applies before a property
has been surveyed.
LISTING – The recording of properties as being available for
sale.
LONG-TERM LEASE – Generally considered to be a lease agreement
extending for 10 years or more. Under such leases the tenant may desire, or be
required, to do extensive remodelling: or if the property leased is land, to
construct a building or other improvements.
Back to top
Glossary
L
LAND AGENT – A term commonly used for estate agents in some
States.
LAND BROKER (S.A.) – A person having successfully completed the
appropriate education course and obtained a licence from the Land Brokers
Licensing Board can then transact business under the provisions of the Real
Property Act. Such person after a contract has been signed prepares the
necessary documents and adjustment sheets to effect settlement.
LANDLORD – The owner of leased property. The lessor.
LANDSCAPING – The work of the landscape architect, landscape
gardener or landscaper; treatment of lawn and plantings to enhance the
appearance of a lot.
LAND TAX – An annual tax paid to the state government,
calculated according to the value of the property.
LAND USAGE – The use being made of land or the uses permitted
under zoning ordinances. Zoning ordinances act to control land usage in a
community by establishing building codes and set back requirements. Proper land
usage attempts to assign the highest and best use to each parcel.
LEAN-TO – A small structure with a single pitched roof, usually
erected against an outside wall of a larger structure.
LEAN TO ROOF – A sloping roof supported on one side by the wall
of an adjacent building.
LEASE – Possession but not ownership of a property for a set
period of time. The terms and conditions are set out in a document signed by
both tenant and owner.
LESSEE – One who possess the right to use or occupy a property
under a lease agreement.
LESSOR – Property owner who rents it out.
LIMITED TITLE – The Torrens Title that applies before a property
has been surveyed.
LISTING – The recording of properties as being available for
sale.
LONG-TERM LEASE – Generally considered to be a lease agreement
extending for 10 years or more. Under such leases the tenant may desire, or be
required, to do extensive remodelling: or if the property leased is land, to
construct a building or other improvements.
Back to top
Glossary
L
LAND AGENT – A term commonly used for estate agents in some
States.
LAND BROKER (S.A.) – A person having successfully completed the
appropriate education course and obtained a licence from the Land Brokers
Licensing Board can then transact business under the provisions of the Real
Property Act. Such person after a contract has been signed prepares the
necessary documents and adjustment sheets to effect settlement.
LANDLORD – The owner of leased property. The lessor.
LANDSCAPING – The work of the landscape architect, landscape
gardener or landscaper; treatment of lawn and plantings to enhance the
appearance of a lot.
LAND TAX – An annual tax paid to the state government,
calculated according to the value of the property.
LAND USAGE – The use being made of land or the uses permitted
under zoning ordinances. Zoning ordinances act to control land usage in a
community by establishing building codes and set back requirements. Proper land
usage attempts to assign the highest and best use to each parcel.
LEAN-TO – A small structure with a single pitched roof, usually
erected against an outside wall of a larger structure.
LEAN TO ROOF – A sloping roof supported on one side by the wall
of an adjacent building.
LEASE – Possession but not ownership of a property for a set
period of time. The terms and conditions are set out in a document signed by
both tenant and owner.
LESSEE – One who possess the right to use or occupy a property
under a lease agreement.
LESSOR – Property owner who rents it out.
LIMITED TITLE – The Torrens Title that applies before a property
has been surveyed.
LISTING – The recording of properties as being available for
sale.
LONG-TERM LEASE – Generally considered to be a lease agreement
extending for 10 years or more. Under such leases the tenant may desire, or be
required, to do extensive remodelling: or if the property leased is land, to
construct a building or other improvements.
Back to top
Glossary
L
LAND AGENT – A term commonly used for estate agents in some
States.
LAND BROKER (S.A.) – A person having successfully completed the
appropriate education course and obtained a licence from the Land Brokers
Licensing Board can then transact business under the provisions of the Real
Property Act. Such person after a contract has been signed prepares the
necessary documents and adjustment sheets to effect settlement.
LANDLORD – The owner of leased property. The lessor.
LANDSCAPING – The work of the landscape architect, landscape
gardener or landscaper; treatment of lawn and plantings to enhance the
appearance of a lot.
LAND TAX – An annual tax paid to the state government,
calculated according to the value of the property.
LAND USAGE – The use being made of land or the uses permitted
under zoning ordinances. Zoning ordinances act to control land usage in a
community by establishing building codes and set back requirements. Proper land
usage attempts to assign the highest and best use to each parcel.
LEAN-TO – A small structure with a single pitched roof, usually
erected against an outside wall of a larger structure.
LEAN TO ROOF – A sloping roof supported on one side by the wall
of an adjacent building.
LEASE – Possession but not ownership of a property for a set
period of time. The terms and conditions are set out in a document signed by
both tenant and owner.
LESSEE – One who possess the right to use or occupy a property
under a lease agreement.
LESSOR – Property owner who rents it out.
LIMITED TITLE – The Torrens Title that applies before a property
has been surveyed.
LISTING – The recording of properties as being available for
sale.
LONG-TERM LEASE – Generally considered to be a lease agreement
extending for 10 years or more. Under such leases the tenant may desire, or be
required, to do extensive remodelling: or if the property leased is land, to
construct a building or other improvements.
Back to top
Glossary
L
LAND AGENT – A term commonly used for estate agents in some
States.
LAND BROKER (S.A.) – A person having successfully completed the
appropriate education course and obtained a licence from the Land Brokers
Licensing Board can then transact business under the provisions of the Real
Property Act. Such person after a contract has been signed prepares the
necessary documents and adjustment sheets to effect settlement.
LANDLORD – The owner of leased property. The lessor.
LANDSCAPING – The work of the landscape architect, landscape
gardener or landscaper; treatment of lawn and plantings to enhance the
appearance of a lot.
LAND TAX – An annual tax paid to the state government,
calculated according to the value of the property.
LAND USAGE – The use being made of land or the uses permitted
under zoning ordinances. Zoning ordinances act to control land usage in a
community by establishing building codes and set back requirements. Proper land
usage attempts to assign the highest and best use to each parcel.
LEAN-TO – A small structure with a single pitched roof, usually
erected against an outside wall of a larger structure.
LEAN TO ROOF – A sloping roof supported on one side by the wall
of an adjacent building.
LEASE – Possession but not ownership of a property for a set
period of time. The terms and conditions are set out in a document signed by
both tenant and owner.
LESSEE – One who possess the right to use or occupy a property
under a lease agreement.
LESSOR – Property owner who rents it out.
LIMITED TITLE – The Torrens Title that applies before a property
has been surveyed.
LISTING – The recording of properties as being available for
sale.
LONG-TERM LEASE – Generally considered to be a lease agreement
extending for 10 years or more. Under such leases the tenant may desire, or be
required, to do extensive remodelling: or if the property leased is land, to
construct a building or other improvements.
Back to top
Glossary
L
LAND AGENT – A term commonly used for estate agents in some States.
LAND BROKER (S.A.) – A person having successfully completed the appropriate education course and obtained a licence from the Land Brokers Licensing Board can then transact business under the provisions of the Real Property Act. Such person after a contract has been signed prepares the necessary documents and adjustment sheets to effect settlement.
LANDLORD – The owner of leased property. The lessor.
LANDSCAPING – The work of the landscape architect, landscape gardener or landscaper; treatment of lawn and plantings to enhance the appearance of a lot.
LAND TAX – An annual tax paid to the state government, calculated according to the value of the property.
LAND USAGE – The use being made of land or the uses permitted under zoning ordinances. Zoning ordinances act to control land usage in a community by establishing building codes and set back requirements. Proper land usage attempts to assign the highest and best use to each parcel.
LEAN-TO – A small structure with a single pitched roof, usually erected against an outside wall of a larger structure.
LEAN TO ROOF – A sloping roof supported on one side by the wall of an adjacent building.
LEASE – Possession but not ownership of a property for a set period of time. The terms and conditions are set out in a document signed by both tenant and owner.
LESSEE – One who possess the right to use or occupy a property under a lease agreement.
LESSOR – Property owner who rents it out.
LIMITED TITLE – The Torrens Title that applies before a property has been surveyed.
LISTING – The recording of properties as being available for sale.
LONG-TERM LEASE – Generally considered to be a lease agreement extending for 10 years or more. Under such leases the tenant may desire, or be required, to do extensive remodelling: or if the property leased is land, to construct a building or other improvements.