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Legally Sufficient

Definition:   A complaint that contains facts that indicate a violation has occurred of a Florida statute or a FREC or DBPR rule. Pronunciation:   \ˈlē-gəl-ē\\sə-ˈfi-shənt\ Used in a Sentence:   Up...
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Legal Description

Definition:   A description of a particular piece of property in such a way that uniquely identifies that parcel from any other property. Pronunciation:   \ˈlē-gəl\ \di-ˈskrip-shən\ Used in a Sente...
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Leasehold Estate

Definition:   A tenancy in real property held under a lease arrangement for a definite number of years; nonfreehold. Pronunciation:   \ˈlēs-ˌhōld\ \i-ˈstāt\ Used in a Sentence:  Under a lease, the ...
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Lease

Definition: An agreement that does not convey ownership but does convey possession and use for a period of time and for compensation, an estate for years. Pronunciation:   \ˈlēs\ Used in a Sentence...
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Lay Member

Definition:   One not belonging to or connected with a particular profession. Pronunciation:   \ˈlā\ \ˈmem-bər\ Used in a Sentence:   Two of the seven members on the Florida Real Estate Commission ...
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Landlocked

Definition:   Real property that has no access to a public road or way. Pronunciation:   \ˈland-ˌläkt\ Used in a Sentence:   Because the lot was landlocked an easement of necessity was granted in o...
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Land Description

Definition:   A definite and positive written description of a specific parcel of land and its location. Pronunciation:   \ˈland\ \di-ˈskrip-shən\ Used in a Sentence:   The deed contained the land ...
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Land

Definition:   The surface of the earth extending down to the center and upward to the sky, including all natural things attached such as trees, water, plus the minerals below the surface and the ai...
Laissez-faire
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Laissez-faire

Definition: A policy that allows businesses to operate with very little interference from the government. Pronunciation: \ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā-\ Us...