|
Absolute Title
|
|
This is the best of the four
classes of title that the Land Registry can give to freehold or leasehold land.
|
|
|
Abstract Of Title
|
|
This consists of a summary of
every document which proves title to the land being sold or mortgaged.
|
|
|
Aministrative Area
|
|
The term used by the Land
Registry for the county and district or borough in which the property is situated.
|
|
|
Adverse Possession
|
|
This happens when an occupier
takes possession of and occupies land without the permission of the owner. If this
happens for more than 12 years, the occupier may be able to claim a possessory title
to the land.
|
|
|
Adverse Rights
|
|
Rights over land which are
enjoyed by a third party but not for their benefit.
|
|
|
Agent for the Seller
|
|
Usually the seller’s
lawyer, who holds the buyer’s deposit on exchange of contracts to purchase land.
|
|
|
Agreement for Sale
|
|
A signed contract in writing
for the sale of land agreed between the buyer and seller containing all of the terms
agreed between them.
|
|
|
Apportionment
|
|
The proportionate sum of money
that a person must contribute or is entitled to receive. For example, on completion
of the sale of a leasehold property, it will usually be necessary to apportion the
rent and service charge due to the landlord between the buyer and seller up to the
date of the sale and thereafter, so that it is shared fairly between them.
|
|
|
Assign
|
|
To transfer a right over,
interest in or title to property to someone else.
|
|
|
Assignee
|
|
The person to whom the estate,
right or interest is transferred.
|
|
|
Assignment
|
|
The document used to transfer
the estate, right or interest.
|
|
|
Assignor
|
|
The person who transfers
the estate, right or interest.
|
|