Glossary
Cooling-off period
A short statutory window after exchange during which the buyer may withdraw, sometimes with a forfeit.
Around this term
Adjacent entries.
Agency fee
The brokerage commission, typically a percentage of the achieved price (sales) or annual rent (lettings).
As-is
A sale on the property's current condition without seller-side remediation. Common in estate sales.
Beneficial owner
The natural person who ultimately owns or controls a property, regardless of legal title.
DLD
Dubai Land Department — the regulator that registers all UAE Dubai-emirate property transfers and licenses brokers via RERA.
EPC
Energy Performance Certificate — UK statutory rating from A (best) to G (worst), valid 10 years.
Escrow
A neutral third-party-held account into which deposits and balances are paid pending contractual milestones.
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