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Glossary of conveyancing terms

S

SALE
The sale of a property.

SELLER
Someone who sells a property.

SERVICE CHARGE
A payment required by a lessor or managing agent to cover the costs of maintaining and running a development (e.g. gardening and decorating and also insuring a block of flats).

SMOKE CONTROL ORDER
An order made by the local authority designating an area to be one in which only smokeless fuels may be burnt (i.e. not coal or wood).

STAMP DUTY
Stamp duty land tax paid to the government on the purchase of a property over a certain value.

STANDARD CONDITIONS OF SALE
A form of general conditions created by the Law Society which form the basis on which conveyancing transactions are governed.

SUBSIDENCE
Where a property moves due to inadequate foundations or severe change to the underlying ground resulting in an instability in the structure of a building often evidenced by cracks in walls.

SURVEY
This is a report carried out on the physical state of the property.

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company address
Greyfriars House,
18-20 Prince of Wales Road, Norwich, NR1 1LB
Phone: 01603 877066 or 01603 877067
FAX: (01603) 230125
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*MJP Conveyancing LTD is authorised and regulated by the Solicitors Regulation Authority – SRA No. 590889 http://www.sra.org.uk/solicitors/handbook/code/content.page.

MJP Conveyancing Ltd is a company registered in England and Wales Registered No: 8026741 VAT Number: 157917571. A full list of the directors is available upon request. We use the word 'Partner' to refer to a Director of the Limited Company, or any employee or consultant with equivalent standing and qualification. Equality and Diversity Policy Equality and Diversity Policy Statement for Clients * - In calculating this we measure the average time it takes to reach the stage of exchange ( not the date you actually move in which is known as the completion date) from the date we receive the contract from the sellers solicitors or from when we send the contract to the buyers solicitors. This period can be longer when delays arise which are not within our control. We cannot guarantee that we can achieve this average turnaround time in all transactions. This turnaround time does not apply to leasehold and leasehold and new build transactions.