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An amount payable by each lessee towards the maintenance and repair of the common parts of a block of flats ( sometimes referred to as a maintenance charge...

A sinking fund is a sum of money that is saved up over period of time to compensate for defunct items or the cost of major repair works.When a buyer purchases a property, the life cycle of various items is calculated on conjunction with the replacement cost. The purpose of the sinking fund is to...

Before Exchange of Contracts all negotiations relating to the property are subject to contract, which means they are not legally...

The Search Code offers protection for homebuyers, home sellers, conveyancing lawyers, conveyancing solicitors and mortgagees, who rely on the information included in property conveyancing search reports undertaken on residential property within the...

The sellers property information form is part of the Law Society's National Conveyancing Protocol to be completed by a seller in a conveyancing transaction. It is not a compulsory document for a HIP. The sellers property information form gives details about the property  such as neighbour...

Some types of purchase are exempt from Stamp Duty tax. The Government has designated certain areas as exempt from Stamp Duty. One of the conveyancers at Fridaysmove will be able to tell you whether your purchase is exempt from Stamp...

Local planning authorities have powers under section 106 of the Town and CountryPlanning Act 1990 to enter into agreements – known as ‘planning obligations’ – for the purpose of restricting the development or use of land, or securing certain necessary benefits related to the...

Shared ownership is a "half-way house" between buying and renting. It is where a purchase buy a chunk of the property - say 50% - with a normal mortgage from a lender. The purchaser then pays rent on the other half to a social landlord such as a housing association and you have the facility to buy...

This document outlines the sale/purchase property, the price, the Purchaser and the Seller’s details and details of their respective conveyancing teams. It is worth noting that a Sales Memorandum  does nothing more than record the agreement reached between the parties subject to contract...

An area designated via a Directive of the European Community Habitats, in order to protect internationally important natural habitats and species. Click here for the UK SAC site...