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Glossary of Terms > L > Lease

Lease

If you have rented an apartment, or had tenants reside in a place that you own, you know what this is. If not, it's real easy. A lease is a written agreement between the property owner and a tenant that stipulates the payment and conditions by which the tenant may possess the real estate for a specified time.

L Terms

Lease

Lease Option

Liabilities

Lien

Life Cap

Line of Credit

Liquid Assets

Lis Pendens

Listing Price

Loan

Loan Officer

Loan Origination

Loan Servicing

Loan-to-Value Ratio

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