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Glossary of conveyancing terms

T

TENANT
See Lessee

TENANTS IN COMMON
A form of co-ownership where on the death of the co-owners the remaining owner(s) is (are) not automoatically entitled to the deceased's share in the property. The deceased's share will pass in accordance with their wishes contained within their Last Will and Testament.

TERM ASSURANCE
Life insurance which only last for the term of the mortgage.

THIRD PARTY RIGHTS
The right of someone other than the legal owner of the property to use or control land of which they have no ownership. Details will be referred to in the title documents and explained by the solicitors acting on your behalf.

TIN SEARCH
A search to establish whether the property may be affected by tin mining activity which may result in subsidence.

TITLE
The owner's right to a property.

TITLE DEEDS
These documents firstly act as evidence that the person selling the property actually owns it, and secondly set out any rights or obligations that affect the property.

TITLE INFORMATION DOCUMENT
Document issued by the Land Registry on completion of an application for registration confirming the ownership of the property and any mortgage.

TRANSACTION
A dealing with property (e.g. sale or purchase)

TRANSFER
A document which transfers ownership of a property from one person to another.

TRANSFER OF EQUITY
A document transferring ownership of a share or interest in a property from one person to another.

TREE PRESERVATION ORDER
An order made by the local authority designating a tree or group of trees as protected and requiring the local authority's permission to lop or fell them.

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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.