Las Vegas Real Estate Glossary L
(Labor Burden - Late Charge)
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Employer's charges for employee benefits, wages, taxes, insurance, etc.
Interweaving of roof shingles at intersections.
A type of creative financing in which a down payment is made and periodic
payments are made at intervals to pay off the balance. The purchaser
may use, occupy and enjoy the land but no deed is given by the seller
until the total price is paid off.
Total cost of purchasing a land parcel, including purchase rice, closing
costs, commission, and finance charges.
Process of developing raw land by planning and building homes, shopping
centers, schools or churches. Initially, the development process includes
construction of streets, sewers, utilities and other resources.
Land Residual Technique
An appraisal method of estimating the value of land when given the net
operating income and the value of improvements.
Sale of land and immediate leasing back by the original owner, whereupon
the original owner can realize the capital value of the property and
still retain its use.
Land, Tenements and Hereditaments
Phrase from early English law used to describe al types of real estate
property, improvements to he land, and all rights accruing to the land.
Land Use Planning
Activity, generally conducted by a local government, which provides
public and private land use recommendations consistent with community
policies and is generally used to guide decisions on zoning.
Land Use Regulation
Government ordinances, codes and permit requirements intended to make
the private use of land and natural resources conform to policy standards.
Land Value Map
Map delineating property values over a designated area.
A platform at the end, top or bottom of a flight of stairs.
Parcel of land that has no access to a public thoroughfare, except through
Person or business owning property that is rented out to tenants.
Landlord's right to receive the value of the tenant's property to pay
for unpaid rents or for damages to the lease premises.
Fee imposed by lender when an interest payment is not paid by the due