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Oconee County Real Estate

Burton Realty & Development, Inc. 357-A Oak Street - Athens, Georgia 30601
Office: 706-543-0222 - Fax: 706-543-8300


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Oconee County Real Estate
Oconee County Real Estate
Oconee County Real Estate
Oconee County Real Estate
Oconee County Real Estate


Oconee County Real Estate

Real Estate Terms | L



Lease
A contract between the owner of real property, called the lessor, and another person referred to as the lessee, covering all conditions by which the lessee may occupy and use the property.

Lease With Option To Purchase
A lease where the lessee has the option to purchase the leased property. The terms of the purchase option must be set forth in the lease.

Legal Description
The geographical identification of a parcel of land

Lessee
One who contracts to rent property under a specified lease.

Lessor
An owner who contracts into a lease with a tenant (lessee).

Lien
A claim by one person on the property of another as security for money owed. Such claims may include obligations not met or satisfied, judgments, unpaid taxes, materials, or labor. (See also special lien.)

Life Estate
An estate in real property for the life of a person

Listing
A contract between owner and broker to sell the owner's property



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Oconee County Real Estate
Oconee County Real Estate
Burton Realty Athens Georgia
Burton Realty & Development , Inc. 357-A Oak Street - Athens, Georgia 30601
Office: 706-543-0222 - Fax: 706-543-8300

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