Real Estate Fundamentals Latent Defect A property defect not visible on inspection that the seller may be legally required to disclose.
Real Estate Fundamentals Lateral Support A landowner’s right to have adjacent land naturally support their own.
Real Estate Fundamentals Lead-Based Paint Disclosure A federal disclosure for homes built before 1978 regarding lead-based paint hazards.
Real Estate Fundamentals Leasehold An interest in real estate that gives the holder the right to use the property for a specified period under a lease.
Real Estate Fundamentals Lien A legal claim against a property used as collateral or security for a debt.
Real Estate Fundamentals Life Estate An ownership interest that lasts for the lifetime of a specified person.
Real Estate Fundamentals Littoral Rights The rights of property owners whose land borders a non-flowing body of water like a lake or ocean.
Real Estate Fundamentals Adverse Possession Acquiring legal ownership of land by openly using it without permission for a statutory period.
Real Estate Fundamentals Air Rights The legal right to use, control, or develop the space above a parcel of land.
Real Estate Fundamentals Allodial System A system of land ownership where individuals own land outright, free of government claim — the U.S. model.
Real Estate Fundamentals Annexation Attaching personal property to real estate so it becomes a fixture.
