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Jargon Buster Archive | Just Do Property

Lease

A document which defined the agreement between an owner and tenants. It lists all the conditions which the leaseholder must abide by and also what the Landlord responsibilities...

Lease Option

A lease and an Option combines. The option provides the opportunity but not the obligation to buy a property or piece of land within a certain time. A down payment is required but maybe as low as Synonym =...

Leasehold

This is normally described as ownership of Land/property for a fixed period of time. This ownership is subject to the annual payment of ground rent to the owner of the...