Occasionally, you will find some Conveyancing
Solicitors who promise to speak in…
We at Clutton Cox do at least.
A – Z Guide
for you in Plain English to help
explain Conveyancing Jargon.
Contract for Sale: The legal document which sets
out the terms of the sale and purchase of the
property. There are two Contracts for Sale issued:
one for the Seller to sign and one for the Buyer to
sign. A legally binding agreement takes place
when there is an Exchange of the signed
Contracts. A Contract is not valid without an
agreed Completion Date.
Caveat Emptor: It means “Let
the Buyer Beware”. A Buyer
must make all enquires and
surveys before committing to
buy a property.
The only bit of Latin
Easement: A right benefiting one
property over another, such as a right
of way on foot and/or for vehicles.
Leasehold: Ownership which is time
dependent and subject to more restrictions
and obligations than freeholds e.g. flats
which can run for 99 up to 999 years.
Guarantor: Someone who agrees to
pay a mortgage on a property in
the event that the borrower/owner
defaults on payments.
Usually this is a parent
The alternative is Tenants in
Common: The owner owns a specific
percentage of the property and its
proceeds of sale e.g. 50/50 60/40
Not many people know
this, but the word
derives from the Norman
French meaning literally,
Official Copies of Register & Plan:
Official copies of the registered title
to a property from the Land Registry
showing who owns a property what
rights and what restrictions apply
and what mortgages if any are
outstanding on the property.
Registered Land: Property
(freehold and leasehold) where
proof of ownership and matters
affecting the property have
been authenticated (registered)
by the Government Department
known as the Land Registry.
Here ends (phew! Almost wrote
“endeth”) the first lesson.
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