Involves guiding the activities of employees and creating an environment where employees will excel at what they do for mutual benefits of the employees themselves and the brokerage overall.
Lease
An agreement which gives rise to relationship of landlord and tenant (real property) or
lessor and lessee (real or personal property). The party who conveys is called the “lessor,” and the party to whom conveyed, the “lessee.”
Lease Bond
Bond given to lessor (landlord) guaranteeing the lessee (tenant) will perform the terms of the lease.
Leasehold Improvements
Interest of lessee in value of lease which is the difference between the total remaining rent under the lease and that which lessee would currently pay for similar space for the same time period.
Leasehold Value
The value of the lease when market rental for similar space is higher than rent paid under the lease. The value of a leasehold interest.
Legal Age
The age at which person may enter into binding contracts or commit other legal acts, in most provinces age 18. However, the age may be higher for certain acts, such as drinking, or lower for other acts, such as driving.
Legal Assignment
The old courts of Law considered it wrong in principle to make one person another’s debtor without the debtor’s consent.
Legal Cause
In tort law, when one invades some legally protected interest of another, the person causing such harm shall be responsible unless there is some defense to liability.