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Real estate vocabulary

Minnesota Real estate glossary

Plain-English definitions, exam tips and examples.

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ABCDEFGHIJKLMNOPQRSTUVWXYZ

L

land

land contract

land trust

latent defect

lead-based paint disclosure

lease

leasehold estate

legal description

legal purpose

legal title

lenders title policy

lessee

lessor

leverage

license

license revocation

lien

lien theory

life estate

life estate pur autre vie

limited liability company

limited partnership

liquidated damages

lis pendens

listing agreement

littoral rights

Loan Estimate

loan payoff

loan-to-value ratio

lot and block system

loyalty

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