P
PARTY WALL
A wall owned jointly with a neighbour and repairable at shared expense.
PLANNING PERMISSION
Approval by the local authority to the building or change of use of a property or
extension to an existing property.
POLITICALLY EXPOSED PERSONS
A PEP is a person who has been entrusted within the last year by: a state other
than the UK a community institution, or an international body and who fulfils one
of the following public roles:
heads of state, heads of government, ministers and deputy or assistant ministers
Members of Parliament members of supreme courts, or constitutional courts or of
other high-level judicial bodies whose decisions are not generally subject to further
appeal, except in exceptional circumstances members of courts of auditors or of
the boards of central banks ambassadors, chargés d'affairs and high ranking officers
in the armed forces members of the administrative, management or supervisory bodies
of state-owned enterprises. PEPs will also include this person's family members
and known close associates.
POWER OF ATTORNEY
The document to be signed by somebody to appoint somebody else to act as their attorney.
PRIVATE ROAD
A road maintained by property owners rather than by the local authority. The property
owners need to have rights over it as it is not necessarily a public access.
PROPERTY INFORMATION FORM
This is a questionnaire about the property completed by the sellers. It covers such
items as guarantees, neighbour disputes and boundaries.
PURCHASE
The buying of a property.
PURCHASER
See
buyer