As used in this chapter, unless the context otherwise requires:
(1) “Administering agency” or “agency” means that organization that has been designated pursuant to the terms of this chapter to administer the Tennessee homestead program;
(2) “Conveyance property” means that real property that shall be subject to conveyance by sale or by lease upon compliance with certain conditions and terms;
(3) “Homestead agreement” or “agreement” means that contract between the homesteader and the administering agency relative to participation in the homestead program;
(4) “Homesteader” means that person, corporation, partnership, or joint venture that has been designated pursuant to this chapter to receive, lease, occupy, rehabilitate or renovate real properties declared to be held for the program as provided in this chapter; and
(5) “Program,” “homestead program,” or “Tennessee homestead program” means the plan of procedure as provided in this chapter by the Tennessee Homestead Act.