GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:20 Nov 22, 2019 |
English to Polish translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 23:33 | ||||||
Grading comment
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Summary of answers provided | ||||
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2 +2 | zaliczka na konto opłaty za poszukiwania |
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4 | kwerenda do bilansu |
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Summary of reference entries provided | |||
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Conveyancing searches (England and Wales) |
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Discussion entries: 2 | |
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zaliczka na konto opłaty za poszukiwania Explanation: What Is On Account? On account is an accounting term that denotes partial payment of an amount owed or the purchase/sale of merchandise or services on credit. On account can also be referred to as “on credit.” https://www.investopedia.com/terms/o/on-account.asp |
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1 hr confidence:
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17 mins |
Reference: Conveyancing searches (England and Wales) Reference information: Conveyancing searches As part of property transactions, the conveyancer’s role is to carry out due diligence by submitting queries – known as searches – about the transacted property. These are designed to uncover factors the estate agent or surveyor may not know about, which could impact the buyer’s enjoyment of the property . Property searches include: Local authority searches – to reveal any charges or restrictions of use on the property Checking the ‘title register’ and ‘title plan’ at Land Registry - to confirm ownership and boundary Checking flood risk – from coastal, river or surface water flooding Water authority searches – find out if any public drains on the property might affect extensions or building works. Chancel repair search – to ensure there are no potential leftover medieval liabilities on the property to help pay for church repairs. Environmental search – provides information about contaminated land at or around the property, landfill sites, former and current industry, detailed flooding predictions, radon gas hazard, ground stability issues, and other related information. Optional and location specific searches – sometimes extra searches are required or recommended depending on the location or type of property or due to particular concerns raised by the buyer. These could include: Tin Mining searches in Cornwall Mining searches in various parts of the UK and Cheshire Brine searches Additional Local Authority Questions such as, Pipelines, Noise Abatement Zones, Common Land, etc.[13] Search providers Local authority searches, according to the Law Society [1], are a ‘vital part of the conveyancing process and give buyers important information about matters affecting a property that is registered or recorded with the local authority.[14] However, over the years, delays with local authority searches [15] have prompted lawyers to order a ‘personal’ search, carried out by a third party or a search provider, who visits the council office and inspects and records the information kept by the local authority[16] on behalf of the conveyancer or solicitor. Private search companies and ordering platforms have been integrating Land Registry's data to speed up the process of search ordering, improve accuracy and reduce the chances of human error. One example is the use of Land Registry's National Spatial Dataset[17] to display boundary maps on-screen using a live data link to help validate property locations Reference: http://https://en.wikipedia.org/wiki/Conveyancing#Conveyanci... |
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