| Word: | Definition: |
| LAND MANAGEMENT | Planning and execution of programs to use, improve and maintain land and water areas for the greatest net public benefit, while supporting the assigned mission. |
| LAND SURVEYING | Location and identification of a parcel of land by a professional surveyor or engineer.
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| LANDLORD | One who rents property to others.
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| LEASE | A written document by which the owner transfers the rights of use and occupancy of land and/or structures to another person or entity for a specified period of time in return for a specified rental.
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| LEASEHOLD | The interest or estate which a lessee has in real property by virtue of his lease. |
| LEGAL DESCRIPTION | A statement containing a designation by which land is identified according to a system set up by law or approved by law.
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| LEGISLATIVE JURISDICTION | Authority to legislate within a geographically defined area; the same as jurisdiction. Types of jurisdiction are exclusive, concurrent, and partial. |
| LESSEE | A person/entity to whom property is rented under terms of a lease.
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| LESSER INTERESTS | Interest in land that is less than fee. |
| LESSOR | A person who rents property under a lease; the landlord.
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| LIABILITY | Any drawback, debt, or obligation. Something that acts as a disadvantage. An obligation or duty that must be performed. The opposite of asset. |
| LICENSE | Authority to enter or use another person's land or property, without possessing estate in it; revocable. Would otherwise constitute a trespass.
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| LIEN | A hold or claim which one person has upon the property of another as a security for some debt or charge.
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| LINK | Surveyor's linear measure. 1 link = 7.92 in. 100 links = 1 chain (66.6 feet)
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| LIS PENDENS | A public notice, filed against specific lands, that an action at law is pending that may affect the title to the land.
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| LITTORAL RIGHTS | The right of an owner of land with a shoreline contiguous to a sea or lake to use and enjoy the shore without a change in its position created by artificial interference; as distinguished from riparian rights and water rights.
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| LOCUS | A particular parcel of land; used to refer to an already specified property. |