Glossary Q – Z

Registered Land

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.

Searches

The term for the process of determining whether there are any unwanted effects on a property now, or planned for the future.

Sole Agency

Where a single estate agent has rights to sell a property. This does not mean you cannot sell your house privately.

Stamp Duty

See Stamp Duty.

Subject to Contract

The stage in a sale before exchange of contracts, where both parties are free to pull out of the agreement.

Survey

See Property Survey.

Tenant

Someone in possession of a property, usually due to holding a lease.

Tenure

The type of ownership of property – freehold, or leasehold.

Title

The rights to, and liabilities of a property.

Title Deeds

The document that details the rights and liabilities of a property, and prove ownership.

Under Offer

An offer has been accepted, but contracts have not been exchanged – similar to ‘Subject to Contract’.

Valuation

An estate agents estimate of the value of your property, in the current market place.

Vendor

The seller of a piece of property.