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Check made with the Bankruptcy Register just before completion to make sure a buyer is not bankrupt
Chancel Repair Liability
Very occasionally a property will come with an obligation to repair the local Church of England Parish Church. Although rare, it can be extremely expensive and it is possible both to search against and insure against this possibility
This word is used for personal possessions, furniture etc – if contents are included in the sale, this is what they are called.
The day on which the property is changes ownership. The seller must usually move out and the buyer may move in on this date. There are usually serious legal and financial consequences if either the buyer or the seller does not 'complete' on the completion day
A legally binding agreement which sets out the terms of the sale. Once contracts are 'exchanged', the transaction becomes legally binding.
A person carrying out conveyancing work, usually employed by a Solicitor.
The procedure for transferring ownership or property rights from one person to another
"...dealt with my case promptly and efficiently"
Property / Glossary Of Terms