Glossary - Index "E"
Real Estate Terms and Site Index "E"
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Escrow - A signed and sealed deed held by a third party (agent, solicitor) which only becomes operable upon delivery or by fulfilment of some other condition.
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Estate - The legal right to ownership in land (and building on the land). Strictly speaking all UK land belongs to the Crown, so individuals and companies own interests (estates) in land. The two main types of interest are: Freehold and Leasehold. Estate also refers to a holding of land and property or a deceased person's property.
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Estate Agent - A person acting in a legal capacity as sales agent, managing agent or advisor for a principal (property owner or landlord) in real estate matters.
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Execution - The signing of a document (deed) in the presence of witnesses/s, sealing and delivering, which makes it legally enforceable.
Never rely totally on this information which relates primarily to England & Wales. Before taking action or not, seek expert advice with the full facts of your case and all documents to hand.
