Lessor

A lessor is the party that gives another party the temporary right to use their property. In other words, the

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Lessee

The lessee is the party who acquires the right to use the real property under a lease. A lessee has

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Lease Option

A lease option — or “option to purchase” — gives a potential buyer the option to temporarily lease a seller’s

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Lawful Object

Lawful object is a contractual obligation that is within the legal authority of the law. The contract should have easy

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Lateral Support

Lateral support refers to a property owner’s right to have his or her property’s land upheld by an adjacent neighbor’s

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