C

Chain

Occurs when there are a number of people buying & selling properties, of which each is dependent on one another.

Completion

Moving day or the day upon which your transaction completes with the balance of purchase/sale monies being paid and title to property transferred. If there is a chain involved everybody completes and moves on the same day.

Completion Statement

A statement sent by a solicitor showing the amount of money required to complete a transaction and what monies have or will pass through the solicitors hands in relation to the transaction.

Contract

This is the legally binding document between a seller and a buyer that contains all the terms of the agreement .

Conveyance / Transfer

A document which transfers ownership of a property from one person to another.

Covenants

Rules & conditions contained in the deeds or lease that relate to the upkeep of the property and how you should behave whilst owning the property ie refrain from loud music during certain hours. You must comply with the requirements of covenants.