Glossary
Freehold
Outright ownership of the land and any buildings on it, in perpetuity.
Around this term
Adjacent entries.
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.
Exclusivity period
A pre-exchange window during which the seller cannot solicit other offers; sometimes paired with an exclusivity fee.
Guide price
An indicative range published to invite offers; not binding on the seller.
KYC
Know Your Customer — the identity + source-of-funds verification required before brokerages may transact.
Leasehold
Ownership of a property for a finite term granted by a freeholder, typically with a ground rent.
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