Glossary · GB
Right of Way
An easement granting the right to pass over another's land by a defined route, whether on foot or by vehicle, binding on current and future owners.
Belgrave in London
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Around this term
Related terms.
Easement
A right benefiting one piece of land over another — such as a right of way or right to run services — that binds future owners and is recorded on the title.
Title Deeds
Legal documents and records evidencing ownership or interests in a property. In England and Wales, registered ownership is primarily evidenced through HM Land Registry records.
Additional Property Surcharge
An additional SDLT charge that can apply when an individual purchases an additional residential property, subject to the applicable rules and exemptions.
Adverse Possession
The legal process by which someone who has openly occupied land they do not own for a qualifying period may apply to become its registered owner. Colloquially 'squatter's rights'.
Amortisation
The gradual repayment of a loan's capital over its term through scheduled instalments, steadily reducing the outstanding balance.
Asking Price
The price at which a property is initially offered for sale by the seller. The final transaction price may be higher or lower.
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