Jargon

Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.

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Restrictive Covenant
A restrictive a covenant (see covenant) is a covenant that prohibits the current and possibly the future owners from doing something. i.e. trading from a premises, selling alcohol or selling in the future a section of land associated with the property for financial gain etc.
Retention
Holding back part of a mortgage loan until repairs or specified works to the property are satisfactorily completed.
Ribbon development
A narrow band of development extending along one or both sides of a road.