CONVEYANCING IS
The process of transferring the
legal ownership of a property
from one owner to a new owner.
The Conveyancing process has
developed over many hundreds of years.
Inevitably, there are
technical words or phraseswhich you might not have come across.
Many Conveyancing Solicitors still u...
hereinbefore
&
aforesaid mentioned
YUK!
Plain English
Occasionally, you will find some Conveyancing
Solicitors who promise to speak in…
We at Clutton Cox do at le...
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 Con...
Caveat Emptor: It means “Let
the Buyer Beware”. A Buyer
must make all enquires and
surveys before committing to
buy a prop...
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
wh...
Guarantor: Someone who agrees to
pay a mortgage on a property in
the event that the borrower/owner
defaults on payments.
U...
The alternative is Tenants in
Common: The owner owns a specific
percentage of the property and its
proceeds of sale e.g. 5...
Not many people know
this, but the word
derives from the Norman
French meaning literally,
“death pledge”.
Official Copies of Register & Plan:
Official copies of the registered title
to a property from the Land Registry
showing w...
Pardon
me…
A Rentcharge only relates to
freehold property and is not
to be confused with Ground
Rents which only relate to
Leasehold ...
£
Registered Land: Property
(freehold and leasehold) where
proof of ownership and matters
affecting the property have
been a...
£
(e)XTRA MILE
THIS WAY
CLUTTON COX
You: The most important person
as far as we are concerned. Not
us, not what we do, but YOU.
Z
Z
Here ends (phew! Almost wrote
“endeth”) the first lesson.
By the power of the Internet, this
presentation is available for sharing. We
would love it if you shared this with your
fa...
Clutton Cox Solicitors are based in Chipping
Sodbury, Bristol but we really do cover all of
England and Wales.
Follow Us o...
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
What's The Name of That Legal Thingy?
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What's The Name of That Legal Thingy?

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What's the Name of That Legal Thingy? An A-Z Guide Through Conveyancing Jargon

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Transcript of "What's The Name of That Legal Thingy?"

  1. 1. CONVEYANCING IS The process of transferring the legal ownership of a property from one owner to a new owner.
  2. 2. The Conveyancing process has developed over many hundreds of years.
  3. 3. Inevitably, there are technical words or phraseswhich you might not have come across. Many Conveyancing Solicitors still use jargon and old-fashioned phrases
  4. 4. hereinbefore & aforesaid mentioned YUK!
  5. 5. Plain English Occasionally, you will find some Conveyancing Solicitors who promise to speak in… We at Clutton Cox do at least.
  6. 6. A – Z Guide for you in Plain English to help explain Conveyancing Jargon.
  7. 7. 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.
  8. 8. 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 (we promise) zzzz
  9. 9. Easement: A right benefiting one property over another, such as a right of way on foot and/or for vehicles.
  10. 10. 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.
  11. 11. 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 or guardian. Thanks Mum and Dad!
  12. 12. 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 = =
  13. 13. Not many people know this, but the word derives from the Norman French meaning literally, “death pledge”.
  14. 14. 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.
  15. 15. Pardon me…
  16. 16. A Rentcharge only relates to freehold property and is not to be confused with Ground Rents which only relate to Leasehold properties.
  17. 17. £
  18. 18. 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.
  19. 19. £
  20. 20. (e)XTRA MILE THIS WAY CLUTTON COX
  21. 21. You: The most important person as far as we are concerned. Not us, not what we do, but YOU.
  22. 22. Z Z
  23. 23. Here ends (phew! Almost wrote “endeth”) the first lesson.
  24. 24. By the power of the Internet, this presentation is available for sharing. We would love it if you shared this with your family, friends, and colleagues.
  25. 25. Clutton Cox Solicitors are based in Chipping Sodbury, Bristol but we really do cover all of England and Wales. Follow Us on Twitter @cluttoncoxlegal Or Just Plain (see what we did there) get in touch info@cluttoncox.co.uk 01454312125

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