Glossary
An undertaking delivered by a borrower’s solicitor to the lender, with the authority of their client, in which they undertake to hold the title documents they receive from the lender on trust and to the order of the lender pending the return of them to the lender or the repayment of the loan.
A person who is qualified to design buildings and to plan and supervise their construction. An architect must be registered under the Building Control Act. Check the Register at www.riai.ie/work-with-an-architect/register-of-architects
Building Control Amendment Regulations.
A person who acts as an intermediary between borrowers and lenders.
A document that provides guidance in relation to the BER rating of the property.
A certificate that rates a property’s energy performance on a scale between A and G.
A person responsible for assessing the quality of buildings and identifies any defects in it. A building surveyor must be registered under the Building Control Act 2007. Check the Register
A burden is a right or a liability to which a property is subject, such as rights of way, mortgages, charges.
The person buying the property. The buyer can also be referred to as the purchaser.
An important legal document that certifies that a building has been built in accordance with the permission granted and/ or the Building Regulations. A building constructed after 2014 may have a Certificate of Compliance on Completion registered with the Building Control Authority.
A document issued by a local authority certifying that either the Non Principal Place of Residence tax was paid or does not apply. This was a charge levied between 2009 and 2013.
A system in which a buyer solicitor gives an undertaking and certificate to a purchaser’s lender confirming that the title to the property is “good and marketable”. The Certificate of Title system allows lenders to rely on this undertaking and not have to appoint their own solicitors for the transaction.
A person who can design, plan, and oversee the construction of new buildings or alterations and extensions to existing buildings.
A notice to a Building Control Authority that a person intends to carry out works or a material change of use to a building to which the Building Regulations apply.
When the Land Registry completes a dealing, the title documents they retain are called instruments. A solicitor can bespeak a copy of this instrument for inspection. For example, inspect a right of way or a right of residence granted by a deed.
Where it is not possible to definitively estimate the cost of an action in advance.
A document which confirms the accuracy of the site boundaries, access to the property and the location of water and other services used by the property.
An easement allows an owner of land to exercise rights over lands owned by another party. For example, they could have a right of way over adjoining land, or they could have the right to draw water from a well located on land owned by another party.
A person appointed to sell or rent out the property for their clients.
A Land Registry document that sets out a person’s ownership and other title information for a property such as the burdens affecting the title.
A trained professional who checks maps and the boundaries of properties.
A document which sets out all physical boundary features e.g. walls and fences, pillars and gates, adjoining property, buildings, trees, electricity, and telecommunication poles.
This relates to Anti Money Laundering documentation. It requires professionals to verify the identity, suitability and risks involved in maintaining a business relationship with a client and in accepting a particular engagement.
Part of Tailte Éireann dealing with the registration of property transactions in Ireland.
An an organisation, typically a bank or building society, that lends money to the borrower, typically the buyer.
A written agreement setting out the terms of a property rental.
An administrative body in local government e.g. Meath County Council.
A governmental body that operates at local or regional level.
A development of at least five residential units that share facilities amenities and services.
Important legal documents that certify the building is constructed in accordance with the planning permission granted and the Building Regulations.
