Property

Adverse Possession
This is the process which results in the acquisition of legal title of land, without actually paying for...
Bankruptcy Search
A search on behalf of the lending insitution to ensure you are not bankrupt....
Break Clause
This is a clause which allows a tenant to end a lease at specific times during the period of the...
Charge Certificate
see land certificate (below)...
Chattel
This refers to any property except freehold...
Chattels
This covers such items as personal effects furniture jewellery, motor cars etc...
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...
Common Hold
A form of freehold land ownership, as an alternative to long leasehold...
Convenants
Things the owner of the property must or must not do. Those the owner must do include repairs. See also Restrictive Convenant....
Declaration of Trust
See co-ownership....
Dilapidations
An assesment of a tenant's liabilities under repairing covenants in a...
Easement
An interest in land owned by a different party which entitles its holder to a specific use or...
Easements
Rights that your property enjoys over other properties or other properties ejoy yours, eg rights to access....
Encroachment
When a portion of a building, wall or fence extends beyond the land of the owner and intrudes upon that of an adjoining...
Encumbrance
An obligation affecting a property, generally in a negative...
Equity
In property terms, normally used to describe the difference between the outstanding mortgage and the value of a...
Eviction
Removing a tenant from their rented...
Fixture
This refers to a permanently fixed piece of furniture or equipment on 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....
Forfeiture
A clause in a lease giving a landlord the right to forfeit the lease and re enter the property i.e. take possession of land because of a breach by the tenant of a clause/s (covenant). normally enforced by court proceedings...
Freehold
When one has absolute title on a...
Ground Rent
Money that needs to be paid under...
Habitable
Property which is suitable and fit for a person to live...
Habitual residence
The place of a person’s home or...
Her Majesty's Land Registry
Government Department that holds information regarding property ownership...
Holdover Tenancy
A tenancy which arises because someone remains in possession of a property after the expiration of the previous...
Indenture
A deed or other document binding two or more...
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 Property (Land)
Either held as joint tenants where on death the property passes automatically to the survivor/s irrespective of what the deceased's Will says or tenants in their own share through his/her Will...
Joint Tenants
Where people jointly own assets or property. The ownership passes to the survivor on the death of the other...
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 Registry
A body that maintains records of who owns property and what conditions relate to 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....
Landlord
Property owner who rents it out to a...
Lease
The letting of land for a prescribed...
Leasehold
Where property is owned for a limited...
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....
Loss of Use
This is where a property cannot be used in the normal way for some...
Mesne Profits
Sum of money claimed by the owner of property against someone not legally entitled to be in...
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....
Notice to Quit
Gives prior notice, when served in possession proceedings, of termination of a...
Occupancy
Holding or possessing...
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....
Ouster
An order within an injunction to force a person to leave a...
Party Wall
A wall dividing two separate premises - the joint responsibility of both...
Planning permission
When the Local Authority approval the building, extension or change of use of a...
Possession Proceedings
Legal proceedings by a landlord to recover land or...
Premises
A building or part...
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....
Quiet Enjoyment
These are the implied obligations of a landlord to ensure that their tenant is not disturbed in their...
Realty
Land...
Reasonable Wear and Tear
Damage to a property as a result of normal...
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...
Reposession
Taking possession of a property, usually due to lack of payment of rent or...
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....
Restrictive covenant
An agreement which prevents a property purchaser from building on or using the property in a certain...
Squatter
A person occupying land or property without the owners...
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....
Sub-Letting
The renting of a property by a...
Survey
A report carried out by a surveyor on the physical state of the property....
Tenant
Someone who rents a property from a...
Tenants in common
Where more than one party owns a property but each party has a specified...
Tennancy in Common
Where on death of a Co-owner his/her share of the property passes by will or intestacy, see Co-ownership....
Tenure
The type of property...
Title
The owner's right to a...
Title Deeds
Documents which act as evidence of ownership and set out any obligations or rights which affect the...
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....
Trespass
Trespass is a wrong. A trespasser is a person who enters on a land without authority. A person/body who continues to remain on land after expiry of his/her/ its authority will be a trespasser. Proceedings can be brought to remove a trespasser and regain...
Trespass
Invasion of private...
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....
Warrant of Restitution
A remedy available following illegal re-entry of premises by persons evicted under a warrant of possession, whereby a bailiff is authorised to evict all occupants found on the premises and re-deliver the premises to the...

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