Glossary · UK
SDLT
Stamp Duty Land Tax — the UK tiered tax on residential property purchases, with surcharges for additional dwellings and non-residents.
Around this term
Adjacent entries.
Off-market
A property offered to a curated audience without public advertising. Synonymous with "whisper" mandate.
Off-plan
A purchase of a unit not yet built — typically with staged payments tied to construction milestones.
Reservation fee
A non-refundable amount paid to remove a unit from sale during exclusivity; sometimes credited at completion.
Service charge
The annual contribution leaseholders or condo owners pay toward common-area maintenance, security, and amenities.
Sole mandate
An agreement giving one brokerage exclusive rights to market a property for a defined period.
Subject to contract
A non-binding qualifier indicating that an offer or acceptance is conditional on a formal signed contract.
Ready when you are
Need this term applied to a real deal?
A senior advisor will walk you through how it shows up in your engagement letter or contract.