Land Property Terms with "U"

Glossary of Land Property - Glossario Immobiliare

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Unadopted Road: a road which has not been accepted by a Local Authority possibly as a result of it not meeting the standards laid down (e.g. road surfaces, drainage etc.). This indicates the possibility of a road charge liability if and when the road is adopted.

Under Offer: when the vendor has accepted an offer for his home but contracts have not yet been exchanged. Either party may still withdraw from the transaction. The agent will often display a board saying “Sold subject to contract” at this point.