Property Practice

Freehold estate

Gives the owner absolute and indefinite ownership

Leasehold estate

Gives the tenant the right to occupy and use the property for a fixed period

Deduction of title

Seller provides documentary evidence of ownership and right to sell

Pre-Completion Title Search

OS1 secures priority

Notice to complete

Makes time of the essence and starts 10 day period within which completion must happen

Form A Restriction

Restriction on proprietorship register which states that no disposition by sole proprietor

Completion

Purchase price is paid in full, transfer deed is completed and buyer can register as legal owner

TR1

Form used to transfer whole registered title

DS1

Discharge of a charge over whole of title in registered land

Epitome of title

Schedule of title deeds and documents evidencing ownership of unregistered land

Absolute title

Highest level of guarantee, subject to entries and overriding interests

Possessory title

Documents are missing or title is based on adverse possession

Good leasehold title

Has not seen the freehold

Index map search

Confirms whether land is registered, pending first registration or affected by caution

K15

Search of the Land Charges Register in unregistered land