A document by which a landlord grants a tenant the right to occupy property for a fixed period, usually in return for a capital sum or payment of rent.

Property held under a lease.

Qualified and regulated legal advisers who specialise in a particular area of law, particularly conveyancing. Legal executives are employed in lawyers’ practices and cannot practise independently of lawyers.

The tenant granted a lease.

The landlord who grants a lease.

A person who holds a licence from the Council of Licensed Conveyancers entitling him to provide conveyancing services.

The person whose life is insured under a life insurance policy.

A seller of land who uses these words will be confirming that, among other things, he has the power to sell the property, but the covenant that the property is free from charges, incumbrances and third party rights is not as extensive as that given by someone who is purchasing with the benefit of full title guarantee.

An insurance policy which enables exchange of contracts, completion or remortgage to occur without a local search result. The policy provides an indemnity against losses that arise due to an unknown adverse entry found to be registered before the date of inception of the policy.

An insurance policy which enables exchange of contracts, completion or remortgage using an existing local search result which is not more that 6 months old at the date of completion and which has not been used on a previously completed sale. The policy provides an indemnity against any unknown adverse entry registered between the date of the existing local search result and the date of exchange of contracts.