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Please telephone 0161 866 8999 for additional information
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Legal Definitions by Ford Banks Irwin Solicitors - The Property Lawyers in Manchester

Please note: Not to be used or relied upon without legal advice. These notes are for illustrative purposes ONLY

Garnishee Order

Litigation Solicitors use Garnishee Proceedings (now Part 72 Civil Procedure Rules) to enforce a Judgment.  The Order requires a third party who owes money to the Defendant to pay that money to the Claimant or the Claimant's Solicitors.  


Gazump (cf. Gazunder)

Property and Conveyancing Solicitors and Lawyers will discuss with you the options available to avoid being Gazumped to Gazundered.  Gazump is where the Seller of the Property accepts a higher offer having agreed to sell to you at a fixed price.  Gazunder is where the Buyer reduces his offer shortly before exchange of contracts.  If you think this is a possibility talk to the Solicitor at an early stage to review your options.  

General Damages (cf. Special Damages)

Litigation Solicitors will claim General Damages where the client suffers loss or injury but the quantum is not a specific monetary number. .  . for example in a Road Traffic Accident the Claimants Solicitors will seek General Damages for the injuries and Special Damages for the loss of earnings due to the accident.  


Good Leasehold Title (cf. Absolute Leasehold Title)

Property and Conveyancing Solicitors and Lawyers will check the Title Deeds to see if the Seller has Good Leasehold Title.  This is for Leasehold Properties where the grade of Title is not Absolute Leasehold.  It is to do with the reversionary Title and your Solicitor will assess the need for an Indemnity Policy.

Goodwill 

Commercial Property Law Solicitors and Lawyers will often be asked to itemise the amount paid for Goodwill and Land and Buildings.  You should ask your Selling Agent / Valuer to liaise with your Accountant and Solicitor to discuss the most efficient means in your circumstances. 

Grant of Probate

Solicitors and Lawyers apply to the Court for a Grant of Probate to allow the Executors of the Will to deal with the assets of the Estate (Will).  

Ground rent (Rent charge)

This is usually equivalent to a small annual rent payable.  Property and Conveyancing Solicitors and Lawyers will check the Title Deeds for any Ground Rents that are payable.  You can discuss the Option of buying the Ground Rent with your Solicitor. 

Group Accounts

Many Companies operate under the umbrella of or as a subsidiary of a larger parent Company.  Company Law Solicitors will look at the Group Accounts in any takeover or merger or security assessment for a Mortgagee.