By now, we’re probably all familiar with the famous three L’s of real estate: location, location, location.
What does LS mean on a lease?
Key Takeaways. “Locus Sigilli”, Latin for the place of the seal, denotes the area on a contract where the seal is to be affixed. By the 19th century, embossed or impressed seals, and the use of the initials L.S., replaced wax seals in most jurisdictions.
What does LS stand for after a name?
Lectori Salutem (L.S.), Latin for ‘Greetings Reader’ and used as opening words to a letter. locus sigilli, Latin for ‘place of the seal’, used in notarized and legal documents; see: Seal (contract law)
What does property Type ll mean?
LL Property means property belonging to MIT or property belonging to the U.S. Government located at LL, for which LL has property management responsibility.
What does LS stand for in construction?
4. LS (Lump Sum) In a lump sum contract, the contractor agrees to a single lump sum price to complete all the work.
Can you negotiate residual value?
But you typically can’t negotiate it like you can with other lease terms (although you can try). … A higher residual value means the car is expected to hold its value well (depreciate less) over the lease term. Remember, most of your lease payment covers the cost of depreciation.
What does LS stand for in quantity?
English translation: lump sum
What does LS swap stand for?
An LS swap is a type of engine swap using General Motors’ LS engine series. Motor Trend noted in 2020 that “the Chevy LS V-8 engine has become the de facto engine swap suggestion for anyone seeking to add power to their existing platform” due to the engine’s relatively compact size and light weight.
What does LS mean in grade?
Follow. As a teacher I am unable to see the score of LS for a student, it just reverts to 50% (whatever that is for the student). I like to know at a glance if a student has a great deal of missing work, was absent, or has exceptionally low grades. The LS easily tells me that.
What is Class C property?
What is a Class C property? A Class C property is one that is older (typically 30+ years old), in fair to poor condition, and typically not as well-located as a Class A or Class B building. They are considered to be the “riskiest” investment, but in turn, offer some of the best potential cash-on-cash returns.
What is Br and Ba in real estate?
Ba – bathroom. Br – bedroom. CAC – central air conditioning. Ch – central heat.
What does property type D mean?
Class D properties are old, run-down, and often in need of significant repairs. They are located in declining communities that are dangerous with high crime and poor schools. Some investors describe it as a “war zone”. The tenants here are very low income, have bad credit, and many have a criminal background.
What is SCO in real estate?
The shop-cum-offices (SCO) market is one such unique concept that has approved as per the Haryana Government’s New Commercial Plotted Colony Policy for SCO/ Plots. … Bringing the best of retail and office together, it provides the entire business community with a luxurious and unique location.
What does AC mean in real estate?
AC: In real estate listings, AC stands for “air conditioning,” which means that the listed property has an air cooling system. ARV: After repair value, or ARV, is the property’s estimated market value after it undergoes specific repairs and renovations.
What does MEC mean in a real estate contract?
MEC: Mutual Execution of Contract. Mechanic’s lien: A lien created by statute which exists against real property in favor of persons who have performed work or furnished materials for the improvement of the real estate.