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All There are 99 entries in the glossary.
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| Company title | This title applies when owners of flats in a block form a company. Each has shares in the company which owns the land and buildings. The owner of the shares is entitled to exclusive occupation of a flat. However, if you want to alter occupancy in any way, you must have the company's approval to do so. See your solicitor before buying. | | | | | Contract Note | The first document signed on buying a house is sometimes a Contract Note, instead of a Contract of Sale. This document when signed by both parties is a legally binding as a Contract of Sale and the buyer and seller should treat it with the same importance. It must be accompanied by a Vendor Statement. | | | | | Contract of Sale | Written agreement setting out the terms and conditions of a property sale. | | | | | Conveyancing | Legal process of transferring the ownership of a property from one person to another. | | | | | Covenant | Conditions affecting the use of land or property written into the title. | | | | | Covenants, conditions and restrictions ( | Rules and regulations for a development, such as acceptable landscaping or improvements that can be made to individual units. | | | | | Deposit | Usually 10% of the purchase price of a property placed in trust as evidence of intention to buy. Non-refundable, after exchange of contract, it goes towards the purchase price when the sale goes through. | | | | | Easement | A right held by someone to use land belonging to someone else for a specific purpose. Mains, drains and water pipes are usually covered by an easement. | | | | | Encroachment | When a building overhangs someone else's property, or a fence is built over the dividing line between two properties. | | | | | Encumbrance | An easement, mortgage, or other liability on a property which impedes its use or transfer. | | | |
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Glossary 
