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Glossary

L

Land registration

All the rules used to communicate to interested third parties the legal status of the immovable properties by means of the property register held by the Publics Authorities.

Land registration

The public authorities keep a property registry containing all the rules intended to inform the third parties concerned of the legal situation of buildings.

Lease

Lease agreement whereby the lessor commits to make available, subject to the payment of a price and charges and for a limited period of time, a property to the lessee.

Levy

In consideration of a due amount, an individual may withdraw an asset (or several) from a pool of assets to share.

Liquidation

Under civil law, this means the operation preceding the sharing of a jointly owned estate and consisting in establishing the net assets through the payment of debt using the assets.