MLC 2023 Glossary of terms
For example: • selling or gifting the land gives the new owner the ownership rights • leases give the lessee a limited right to occupy land in return for payment of rent (and other conditions) • mortgages give the mortgagee the right to sell the land if the mortgage is not repaid.
Documents/Guides-Templates-Factsheets/MLC-2023-Glossary-of-terms.pdf (278 kb)