Glossary | ||
Please use the alphabetical list below or use the search button to answer your query and see how our expertise relates. Note: Not all alphabetical categories have corresponding values. For best results use our search facility |
| |
| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Full List |
LAND GRANT | |
| Land Grant: means the granting of land to a subject in the name of the sovereign and forms the basis of the land tenure system in the state. Land was granted by deed at general law prior to 1862, by deed under the torrens system between 1862 and 1967 and by transfer from the crown since that time. | |
LAND TAX | |
| Land Tax: A State Government tax levied on the unimproved value of land and charged to landowners in Tasmania. | |
LANDLORD AND TENANT | |
| Landlord and Tenant: The relationship of landlord and tenant is created (by words or writing such as a tenancy agreement; or by deed, such as a lease) when a tenant occupies the landlord's house or land subject to certain conditions such as the payment of rent. The phrase is used to denote the law applying to this relationship. In Tasmania, residential tenancies are governed by the Residential Tenancies Act 1997 in which landlords are re-defined as “property owners”. | |
LANDSLIP | |
| Landslip: is rare in Tasmania although there are a number of prominent sites that have forced councils to take a very cautious approach. One Council for example requests a Geotechnical Report on all developments in their jurisdiction.
SIMPLY: Landslip Assessment is often requested by councils and can be combined with soil tests and effluent disposal issues. HOW WE ASSIST: We can organise the necessary report on your behalf when instructed. | |
LEASE | |
| Lease: A grant of possession of real property to last for an agreed period, and usually with the payment of a rent. The person who grants the lease is usually the owner, and called the lessor, and the person to whom it is granted being the lessee. A lease must be for a less estate or term than the lessor has in the property, for if it comprises his whole interest it is a conveyance or assignment and not a lease. Where a person who is himself a lessee grants a lease of the same property to another for a shorter term, it is called an underlease or sub-lease. | |
LEASEHOLD | |
| Leasehold: The owner of the land (the landlord or lessor) allows another person (the tenant or lessee) to have possession of the land in return for rent. The term can vary from one day to 99 years. | |
LESSEE | |
| Lessee: See Lease | |
LIFE TENANT | |
| Life Tenant: One who may possess a property until he or she dies. Oddly enough, this is a freehold estate because no date can be given for its termination. | |
LIST | |
| LIST means the computerised spatially linked land information system maintained by government in the state. (effectivley the Lands Titles Office). | |
LISTING AUTHORITY | |
| Listing Authority: An information summary and contract between the Owner of the home and the real estate company selling the house. It details the length of the agency, services to be provided, commission rate and any additional costs and the type of listing such as sole agency, tender, auction or open listing. | |
LISTING | |
| Listings: The properties, often referred to as stock, that an agent has to sell or lease including houses, land units, town houses, commercial property, industrial property, retail or businesses. | |
LITIGATION | |
| Litigation: A civil proceeding. A lawsuit. | |
LOCAL PLANNING AUTHORITY | |
| Local Planning Authority: means the local Council or Shire Council. It is the third level of government in Australia. The local Councils control much of the land development in Tasmania by means of Planning Schemes. SIMPLY: Your local Council. HOW WE ASSIST: We liase with all local Councils and have a knowledge of their Planning Schemes and Planning Requirements. We can provide you with local knowledge concerning the planning requirements of your local Council. | |
LOT | |
| Lot: A distinct portion or piece of land; a piece of land forming a part of a district, suburb, city block or subdivision, described by reference to a recorded plot or by definite boundaries. Also, a piece of land in one ownership, whether freehold or leasehold. To an auctioneer, a lot is an item or group of items being offered for sale during an auction sale. Each lot is numbered for identification. | |
| Search | Property | Glossary | Contact Us | Services | Surveyors | Forum | Home |