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Property

Completion certificate/statement

In the world of finance, a conveyance statement is a document created by solicitors who represent both the buyer and seller in a property transaction. It outlines all payments made and received during the process, resulting in a final balance due to the seller. Occasionally, the statement is prepared after the transaction and may include a sum that the buyer can reclaim from the seller. This statement is an important tool in the legal and financial aspects of property transactions.

Building contract

A building contract is a legally binding agreement between a landowner or occupier and a building contractor. It outlines the terms and conditions for the construction proje...

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Breach of contract

This is known as breach of contract. A breach of contract refers to any act or failure to act that goes against the terms of a contract. It can result in the right to deman...

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High point loading

Imagine a building, where the floor is carrying an abnormal amount of weight at one specific point or multiple points. These are known as heavy floor-load concentrations. In...

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Yield up

When a tenant vacates a property at the end of their lease, they are relinquishing possession. This means they are giving up their right to occupy the space and are returnin...

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