This glossary of terms has been composed by FIRST STRATA to provide you with an easily accessible and comprehensive description of the many terms frequently used in all aspects of land sales.
We trust you will find it both useful and informative.
See GAMBREL ROOF 2.
1. A periodical payment of rent, from "gavel", a rent or duty.
2. Grant of a right of work a particular vein of coal or iron in specific location in the Forest of Dean.
See GALE 1.
1. (USA) A ridged roof, each side having two slopes, the lower of which is the more steeply inclined. An alternative name for mansard roof.
2. (UK) A roof having a normal pitch on both sides of a ridge. At each gable end there is a sloping section running up towards the ridge but stopping short of it and becoming a vertical wall. The vertical section is called a gablet or little gable.
Variously defined in different Acts of Parliament. For Example, under the Game Act 1831 the definition encompasses hares, pheasants, partridges, grouse, heath or moor game and black game. There are other definitions in the Night Poaching Act 1828, the Poaching Prevention Act 1862 and the Game Licences Act 1860. Cf GROUNDGAME. See GAME BIRD.
Under section 27 of the Wildlife and Countryside Act 1981: ".any pheasant, partridge, grouse (or moor game), black (or heath) game or ptarmigan". For most purposes, game birds are excluded from the definition of "wild birds" under that Act.
A town developed at a relatively low density, intended to combine the advantages of both urban and rural living, self-sufficient in employment, with its own industry, commerce, shops and agriculture, being one of a number of such satellite towns grouped around a central city. The term was first used by Ebeneezer Howard in 1898, and the concept was first implemented in Letchworth Garden City in 1903.
An additional rate levied by a rating authority (or other person) for the upkeep of a central garden. It is raised from ratepayers of certain properties which overlook that garden.
1. A rent or duty.
2. An auctioneer's hammer.
An obsolete tenure, formerly common in Kent and rare elsewhere, by which lands upon intestacy descended from the father to all the sons (or if there were no sons, to all the daughters) in equal portions and not to the eldest child as in primogeniture. There were special provisions for passing half of the estate to a widow for life, so long as she remained chaste and unmarried.
A light building or structure like a summer house in a garden or attached to a building. The original gazebo was built to provide a small room well above ground level, with a good view of the landscape and sometimes enabling advance warning to be given of approaching stage coaches.
A situation in which a vendor, having agreed to sell property at a certain price subject to contract, breaks his word and either seeks a higher price from the purchaser on the grounds of having received a higher offer from another or accepts a higher offer from another. Cf REVERSE GAZUMPING.
The disposal by a freehold or leasehold owner of his interest in a property in return for an inferior leasehold interest where the rent payable is geared to a fixed percentage of some variable, often rack-rental value.
A rent which is calculated as a given proportion of: a. the rental value of, or the actual rent(s) received from, the subject property or b. the rental value of a broadly similar property or, less usually, one of a different kind. The purpose of gearing is often to reflect any capital contribution made by the tenant but may be for some other reason, eg lack of evidence of rents of properties similar in all respects to the subject property, in which event method be will be used.
1. Traditionally, the use of borrowed money at fixed rates of interest to improve the annual yield on the equity cash contribution (or equivalent) made by the borrower in an investment.
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One with authority to act for his principal in all matters of a specified kind or one acting in the course of the agent's usual business or profession. Cf SPECIAL AGENT.
Persons appointed by the Lord Chancellor (for England and Wales) or by the Secretary of State for Scotland, with powers conferred on them by the Taxes Act relating to appeals or other matters. Cf COMMISSIONERS OF INLAND REVENUE. See SPECIAL COMMISSIONERS.
A statutory instrument under the Town and Country Planning Acts granting permitted development rights for various specified types of development and setting out certain planning procedures for the control of development. See PERMITTED DEVELOPMENT.
An area defined and declared as such by a local authority under section 253 of the Housing Act 1985, and which must be predominantly residential but cannot include - although it may surround - a housing action area. The purpose is to effect or assist in the improvement of the amenities and/or dwellings with a view to environmental development and improvement of the area as a whole.
A charge levied by a rating authority, for the general services provided, on the rateable value of each hereditament in the rating area (other than those specifically exempted). It includes any sums payable collected on behalf of, and paid to, other authorities under precepts issues by them. A rating authority is required to declare a general rate for each rating period, commencing on April 1 or October 1. See DIFFERENTIAL RATING.
