Leasehold - The right to possession and use of land for a fixed period of time. The lease is the agreement that creates the right.
Lessee - A tenant holding a leasehold.
Lessor - A landlord; one who gives a leasehold to a lessee.
License - Permission to go upon or use the land of another, the permission being a personal privilege and not constituting an interest in the land.
Lien - A monetary charge imposed on a property, usually arising from some debt or obligation.
Link - In surveying, a length of 7.92 inches.
Loan Policy - Also called "mortgage policy." A title insurance policy insuring a mortgagee, or beneficiary under a deed of trust, against loss caused by invalidity or unenforceability of a lien, or loss of priority of the mortgage or deed of trust.
Lis Pendens - A legal notice intending to bind third parties of litigation claiming an interest in real estate.
Lot - Generally, any portion or parcel of real property. Usually refers to a portion of a subdivision.