Contact an Office

Working

waiting Updating content, please wait...

Glossary of Terms Used

Glossary of Terms

Affordable Housing

The dedication of housing to let or for sale via a registered social landlord.

Agricultural Holdings Act

A law containing provisions for the tenancy of agricultural land.

Anaerobic Digester

The process whereby bacteria break down organic material in the absence of oxygen. Used for industrial or domestic purposes to manage waste and / or produce fuels.

Architect

Person who designs buildings and in many cases supervises their construction.

Asbestos Survey

A specialist report generally required for business premises.

Basic Payment Scheme

A rural grants and payments scheme to help the farming industry.

Biomass

A biological material derived form living or recently living organisms.

British Cattle Movement Service

A UK government scheme to identify and track the movement of livestock.

Building and construction

The assembly and maintenance of property for domestic and commercial use.

Building Survey

An individual and more detailed report on condition.

Business Appraisals

The technical appraisal undertaken by a specialist on a potential of a development.

Business Rates

Local property taxes generally payable whether the property is occupied or not.

Certificate of Lawful Existing Use or Development

Issued by the planning department which establish that the use or development of land is lawful. 

CGT

A tax on the profit when you sell an asset that's increased in value.

Chartered Surveyor

Chartered Surveyor is the description of Professional Members and Fellows of the Royal Institution of Chartered Surveyors (RICS).

Community Infrastructure Levy

A planning charge used as a tool for local authorities in England and Wales to help deliver infrastructure to support the development of their area.

Compulsory Purchase

The purchase by local or national government or land required for public purposes by agreement or otherwise.

Contract Farming

Agricultural production carried out on the basis of an agreement between the buyer and farm producers. Quality, quantity and price are usually established in advance.

Countrywide Stewardship Scheme

Provides incentives for land managers to look after their environment.

Development Consent Order

A means of obtaining permission for developments categorised as a Nationally Significant Infrastructure.

Digital Mapping

Cartography undertaken remotely by satellite and computer systems.

Dilapidations

The identification of property defects generally required under the terms of a lease.

Diversification

To establish a business other than that of its current product. In respect of agricultural land the entrepreneurial use of farm resources for a non-agricultural purpose for commercial gain.

Drawing and Design

Technical plans required for construction and/or planning applications.

Easements

Binding legal agreements for above and below transmission of services or rights of way.

Environmental Stewardship

Responsible use and protection of the natural environment through conservation and sustainable practices.

Expert Witness

The advice given to a court by a specialist to assist with decisions.

Fire Risk Assessment

A specialist report generally required for business premises.

Fossil Fuels

A natural fuel such as coal or gas, formed in the geological past from the remains of living organisms.

Fracking

The process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside.

Grant Aid

The application to local or national government for financial assistants

Grass Keeps and Grazing Agreements

Short term seasonal occupation licences of agricultural land.

Holding Number

To keep livestock in pursuit of an agricultural activity the place where they are to be kept must be registered as an agricultural holding. A County Parish Holding (CPH) number is issued for the land or premises. Further applications may be required when grazing animals on other landowners land.

Home Buyer Report

A condition report in a pre-scribed format as sanctioned by the RICS.

Hydroelectric Power

The term referring to electricity generated by hydropower through the use of the gravitational force of falling or flowing water.

IHT

Paid if a person's estate (property, money and possessions) is above the Inheritance Tax Threshold when they die.

Legionella Risk Assessment

Specialist report to determine the risk of exposure to Legionella and Legionnaires' Disease.

Listed Buildings

The stock of property in the UK that is identified by Government as having particularly notable features.

Livestock Valuation

The assessment by a specialist valuer of the value of all types of animal.

Marketing

The placement of a property for sale or to let with all attendant promotion.

National Significant Infrastructure Projects

Major infrastructure developments in England and Wales such as power plants, large renewable energy projects, new airports and airport extensions, major road projects etc.

New Homes

The development by national or local housing companies of new dwellings.

Ordnance Survey Mapping

The original and government backed system for UK land.

Part I Claims

Part I of the Land Compensation Act 1973 refers to claims for compensation for depreciation caused by use of Public Works.

Permitted Development Rights

A national grant of planning permission which allows certain building works and changes of use to be carried out without having to make a planning application. They are, however subject to conditions and limitations to control impact and to protect local amenity.

Photo-voltaic

A method of converting solar energy into direct current electricity using semiconducting materials.

Probate

A legal document required in the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased's property under a will.

Property Auction

A public sale of property where open bids are made and a binding contract is entered into.

Property Market Appraisal

A non formal valuation giving general marketing advice – likely to be free

Quotas and Entitlement Trading

The trade of subsidies within the agricultural sector.

Remote Bidding

Pre-arranged telephone bidding on a property or chattel to be offered by auction.

Renewable Energy

Energy that comes from resources which are naturally replenished such as sunlight, wind, rain, tides, waves and geo-thermal heat.

Section 106 Agreements

A mechanism which make a development proposal acceptable in planning terms, that would not otherwise be acceptable. Linked to planning permissions and can also be known as planning obligations.

Share Farming

Two farming businesses occupying the same land, the landowner and the share farmer. A pre-agreed share of the value of the gross output (usually sales) would be paid to the businesses.

Single Payment and Agri-environment Schemes

An EU subsidy scheme to the agricultural community.

Stamp Duty Land Tax

Paid when buying property or land over a certain price in England, Wales and Northern Ireland. 

Strategic Land

Land that holds future potential for housing or commercial development.

Strategic Planning

Setting priorities and making decisions concerned with long term development. 

Valuation

A formal and binding report often undertaken for loan or divorce purposes for which a charge will be made.

Wayleaves

Variable agreements between land owners and power/water companies for overhead cables.

Wind Turbine

A device that converts kinetic energy from the wind into electrical power.

Property Specialists in the South West

Greenslade Taylor Hunt offers an extensive range of property services covering the residential and commercial markets, equestrian properties, farms and new homes in the South West.

Tell a friend about this property

Email a link to this property to a friend * Mandatory fields

Property

Your Name *

 

Friend's Name *

 

Friend's Email Address *

   

Your AS Message

Your Message

Enter the code shown
Captch verification image

Property Map

Email

Send an Email enquiry (* Mandatory fields)

Property

Your Name *

 

Your Telephone Number

Your Email Address *

   

Your AS Message

Your Message

Enter the code shown
Captch verification image

Arrange a viewing for this property

(* Mandatory fields)

Your Name *

 

Your Telephone *

 

Your Email Address

   

Your AS Message

Preferred Viewing Time

Download Catalogue

Please complete the fields below to view the event catalogue.

(* Mandatory fields)

Your Name *

 

Address Line 1 *

 

Address Line 2

Address Line 3

City/Town

County

Post Code *

 

Your Telephone *

 

Your Email Address

   

Your AS Message