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Home/Glossary

Glossary of conveyancing terms

E

EASEMENT
The right of a person over another person's piece of land (e.g. right of way).

ENVIRONMENTAL SEARCH
A search against a property to check whether there is any record kept to suggest that the property may be affected by contamination.

EQUITY
Usually means the difference between the value of a property and the amount owned to the mortgagee.

EXCHANGE OF CONTRACTS
The formal exchanging of the two parts of the contract when the seller and buyer become legally bound to complete on an agreed date and in the case of the seller, to move out of the property.
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MJP Conveyancing

01603 877066 or 01603 877067

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mjp conveyancing
company address
Greyfriars House,
18-20 Prince of Wales Road, Norwich, NR1 1LB
Phone: 01603 877066 or 01603 877067
Email: nb@mjpconveyancing.com
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.