Glossary Q – Z
A piece of land (including any property on it) that is registered with the Land Registry.
Right of Way
When you have legal access to a piece of property, in order to access your own property.
SearchesThe term for the process of determining whether there are any unwanted effects on a property now, or planned for the future.
Sole AgencyWhere a single estate agent has rights to sell a property. This does not mean you cannot sell your house privately.
Stamp DutySee Stamp Duty.
Subject to ContractThe stage in a sale before exchange of contracts, where both parties are free to pull out of the agreement.
SurveySee Property Survey.
TenantSomeone in possession of a property, usually due to holding a lease.
TenureThe type of ownership of property – freehold, or leasehold.
TitleThe rights to, and liabilities of a property.
Title DeedsThe document that details the rights and liabilities of a property, and prove ownership.
Under OfferAn offer has been accepted, but contracts have not been exchanged – similar to ‘Subject to Contract’.
ValuationAn estate agents estimate of the value of your property, in the current market place.
The seller of a piece of property.