L – Compendium of Real Estate Terms & Concepts

Various measures can be used to guide and control the uses made of land resources. These are:

Land registration means that where one has an interest or title in land, such as freehold interest or leasehold interest, this title must then be registered in the states land registry by Registrar of title. There are various laws enacted by each state of the federation governing land registration. The…

As described in Wisegeek.com (2011), a land contract is between the buyer and a seller of a property, wherein the seller holds the title or deed to the property until all agreed payments have been made in full. Because the laws governing land contracts can vary from one state to…

Land banking is the process of buying and holding unimproved real estate. Land banking is done for a number of reasons. Government can engage in it in order to preserve stretches of land or to have the option of changing their use at some time in the future. Individuals also…

Land is the generic term, which refers to the terra firma (physical land) and other things, which are under, on, over and above it. In a physical sense, land is the earth’s surface and anything naturally attached such as timber or mineral reserves.