by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate, a Latent Defect is a hidden or concealed defect in a property that is not discoverable through a reasonable inspection. These defects are not apparent upon ordinary observation and may exist within structural components, systems, or materials. Latent...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, Lateral Support refers to the natural support that one parcel of land provides to neighboring land in its natural state. Each landowner has a legal right to have their land supported by the adjoining soil. If an owner excavates or alters their land...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate and public policy, Land Use Planning is the process of developing long term plans to guide how land is used and developed within a specific area. These plans are designed to balance growth, environmental protection, infrastructure needs, and community...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a Late Charge is a fee imposed by a lender when a borrower fails to make a scheduled loan payment by its due date. The charge is intended to compensate the lender for the additional administrative costs and inconvenience caused by the late...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, Land refers to the physical material of the earth, regardless of its composition, including soil, rock, or other substances. It also includes the airspace above the surface and the subsurface below, extending upward and downward for an indefinite...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate, a Landlord is the owner of real property that is leased to another party. The landlord grants the right of possession and use of the property to a tenant in exchange for rent. The landlord is also known as the lessor under a lease agreement and is...
