T
TENANT
See
Lessee
TENANTS IN COMMON
A form of co-ownership where on the death of the co-owners the remaining owner(s)
is (are) not automoatically entitled to the deceased's share in the property. The
deceased's share will pass in accordance with their wishes contained within their
Last Will and Testament.
TERM ASSURANCE
Life insurance which only last for the term of the mortgage.
THIRD PARTY RIGHTS
The right of someone other than the legal owner of the property to use or control
land of which they have no ownership. Details will be referred to in the title documents
and explained by the solicitors acting on your behalf.
TIN SEARCH
A search to establish whether the property may be affected by tin mining activity
which may result in subsidence.
TITLE
The owner's right to a property.
TITLE DEEDS
These documents firstly act as evidence that the person selling the property actually
owns it, and secondly set out any rights or obligations that affect the property.
TITLE INFORMATION DOCUMENT
Document issued by the Land Registry on completion of an application for registration
confirming the ownership of the property and any mortgage.
TRANSACTION
A dealing with property (e.g. sale or purchase)
TRANSFER
A document which transfers ownership of a property from one person to another.
TRANSFER OF EQUITY
A document transferring ownership of a share or interest in a property from one
person to another.
TREE PRESERVATION ORDER
An order made by the local authority designating a tree or group of trees as protected
and requiring the local authority's permission to lop or fell them.