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Jargons

Jargon Buster

jargon

Understand property related jargon.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Land registry fee

Paid to the Land Registry to register ownership of a property.

Lease

A legal document by which the freehold (or leasehold) owner of a property lets the premises or a part of it to another party for a specified length of time, after the expiry of which ownership may revert to the freeholder or superior leaseholder.

Leasehold

Denotes that the ownership of the property is by way of a lease.

Lender's arrangement fees

Charge passed on to the buyer by the lender for arranging a loan.

Listed building

One officially listed as being of special architectural or historic interest, which cannot be demolished or altered without (local) government consent.

Local authority search

Procedure whereby a buyer's solicitor makes an enquiry to the local council regarding any outstanding enforcement or future development issues which might affect the property or immediate area.