Glossary of Real Estate Terms - Terms

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Landscape

Landscape architect

Landscape designer

Landscape contractor

Late charge

Late payment

Latent defect

Lead

Lease

Leasehold estate

Lease option

Lender

Legal blemish

Legal description

Letter of intent

Leverage

Liabilities

Liability insurance

Lien

Life cap

Life-cycle cost analysis

Limited partnership

Lintel

Liquid assets

Liquidated damages

Listing

Listing inventories

Live-in partnership

Live-work space

Load-bearing wall

Loan application

Loan application fee

Loan commitment

Loan officer

Loan origination fee

Loan processing fee

Loan term

Loan -to-value ratio

Lock-in

Loft

Log cabin

Low-ball offer

Low density

Low-documentation loan

Low-down-payment loan