Terms Beginning with Letters J - L
Definitions of words or terms beginning with the letters J through L. Click the links to get complete definitions.
Leasehold Estate in Real Estate
A leasehold estate in real estate is the tenant's right to possession of the property for the term of the lease. Rights and obligations are spelled out in the lease document.
A leasehold estate in real estate is the tenant's right to possession of the property for the term of the lease. Rights and obligations are spelled out in the lease document.
Loan to Value (LTV) Ratio in Real Estate
The amount of the outstanding mortgage divided by the property's value is the LTV or loan to value ratio. The value is normally either the appraised value or the selling price, whichever is less. This is used in regular owner occupied mortages as well as properties purchased as real estate investments.
The amount of the outstanding mortgage divided by the property's value is the LTV or loan to value ratio. The value is normally either the appraised value or the selling price, whichever is less. This is used in regular owner occupied mortages as well as properties purchased as real estate investments.