Conveyancing

Abstract of Title
This is a summary of all legal documents which relate to a...
Bankruptcy Search
A search on behalf of the lending insitution to ensure you are not bankrupt....
Caveat Emptor
This essentially means "buyer beware" - a principle which still stands in property...
Certificate of Title
This is a document which certifies the legal ownership of...
Charge Certificate
see land certificate (below)...
Co-ownership
If more than one person buys a property then there has to be an agreement as to the percentage of ownership and what happens when either party dies unless the survivor of the co-owners is to take the property, the agreement is called the declaration of...
Commons Registration Search
A search at the local authority to check that the property is not registered as common...
Completion
When the buyer of a property becomes the new owner of the...
Contract
This document will be signed by the person selling and the person buying the property and will be sent to their...
Convenants
Things the owner of the property must or must not do. Those the owner must do include repairs. See also Restrictive Convenant....
Conveyance
The legal work which needs to be undertaken when buying or selling a...
Declaration of Trust
See co-ownership....
Deeds
The ownership document relating to a property is known as a "Title...
Easements
Rights that your property enjoys over other properties or other properties ejoy yours, eg rights to access....
Environmental Search
A search which is carried out on the property to check whether there is any record suggesting that the property may be affected by...
Exchange of Contracts
When the buyer and seller formally exchange the contract and become legally bound to complete and move out on an agreed...
Expedtion Fee
A fee which can be paid to the Land Registration to speed up registration of a...
Fixtures and Fittings Form
A questionnaire which indicates what item the seller at the property is taking and leaving, and somtimes what items he wishes to sell....
Index Map Search
A search to establish if the title to the property is a registered property or if it is unregistered at the Land Registary....
Joint tenancy
(see Co-ownership) where, on the death of a co-owner, the entire property will pass to the survivors(s)...
Land Certificate
The certificate supplied by the Land Registry proving ownership of a property registered at the land registry. If your property is subject to a charge or mortgage, a charge certificate is issued instead, which will be kept by your lender. See also Registered...
Land Charges Search
A search at the Land Charges Registry to determine whether the property is registered and to find out if any mortgages or interests are listed against the...
Land Registry
The Central and District goverment registries where details of registered titles are kept....
Land Registry Fee
A fee payable to the goverment for registering you as the owner of the property at the land registry, and also for registering any other transactions related to registered land....
Land Registry Search
A search to establish that there are no additional entries on the register of title since the date of issue of an official copy....
Local Authority Search
An enquiry carried out to determine if there are any potential circumstances that could affect...
Local Search
A search with the local authority to establish their views on such issues as roads, darins, planning and general development in the local area....
Mining Search
A search undertaken to check whether a property has been affected by any coal mining...
Mortgage Offer
The offer of a loan of finance to you by your lending institution. this becomes a Loan Agreement when the offer is accepted....
Mortgagee
The person to whom the mortgage is...
Mortgagor
The person who makes the...
Office Copy Entries
(sometimes shortened to office copies) The original copy of a Land or Charge Certificate obtained from Land Registry. office Copies of individual documents can usually be obtained....
Property Information Form
A questionnaire to be completed by a seller to give details of matters whish affect the property, eg, boundary ownership, disputes, guarantees, occupiers and planning....
Redemtion Statement
Details of monies owed to your financial institution which will need to be repaid on completion of sale or re-mortgage....
Registered Land
A title which is centrally filed at the Land Registry on which all details are kept of matters which affect the property including easements, charges, restrictive covenants and who owns the property. the land certificate or charge certificate are copies of...
Registration
System by which the ownership of estates in land is recorded and...
Restrictive Covenant
Restrictions imposed on a property effectively being things you are not allowed to do, eg, not alter the appearance of the property or build in the garden....
Stamp Duty
A goverment tax payable by the buyer, on moving if the price of the property exceeds a certain figure - currently £120,000,00....
Stamp Duty
A charge applicable to a conveyance, transfer or a lease of land where the instrument was executed prior to 1 December...
Survey
A report carried out by a surveyor on the physical state of the property....
Tennancy in Common
Where on death of a Co-owner his/her share of the property passes by will or intestacy, see Co-ownership....
Title Deeds
the documents which prove you own the property....
Transfer Deeds
The documents which formally transfers title on registration at the Land Registry from the seller to buyer....
Transfer of equity
A sale or gift of one person's intrest in the property to another, most commonly on divorce or separation where the family home is jointly owned property....
Unregistered Land
A title which is yet to be registered and for which there are a number of documents not yet sorted into a Land Registry file for which a certificate of Title would be issued....
Vacant Posession
The contract term that state of a property will have been vacated upon completion of the...

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