The Real Estate
Encyclopedia: K-O

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...

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...

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...

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...

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...

In real estate, a Land Sale Contract is an installment agreement in which the buyer agrees to purchase property by making periodic payments to the seller over time. The seller, also known as the vendor, retains legal title to the property until the purchase price is...

In real estate and legal contexts, Laches is a doctrine that bars a person from asserting a legal right due to an unreasonable delay in doing so. The delay must be such that it results in prejudice or disadvantage to another party. Laches is based on the principle...