Carpet Area
Carpet area is the area between the inner sides of two opposite walls.
Chain of title
A track record of conveyances and encumbrances affecting the title as far back as records are available.
Collateral security
An obligation attached to another contract so as to guarantee performance of contract.
Clearance Area
An area within the property that is to be cleared of all buildings.
Completion Certificate/Statement
A certificate issued by the local development authority to builders and developers certifying that all necessary construction work has been completed and that the property is fit for occupation.
Contract
An agreement between two parties enforceable by law is contract.
Contract of sale
A legal document transferring the title from one person to another person. It outlines the details of the property and terms and conditions of the sale.
Conveyance
This is a legal document that transfers ownership of unregistered land to the buyer. It includes most instruments by which an interest in real estate is created, mortgaged or assigned.
Conveyancing
It is the act of transferring the legal title in a property from one buyer to seller. A system of Conveyancing is usually designed to ensure that the buyer secures the title to the land together with all the rights that come with a land.
Conviction
A verdict in a civil or criminal trial in which, the defendant is found guilty of the charge.
Covenants
The conditions in a contract promising performance or non-performance of certain acts or specifying certain uses or non-uses of the property.
Current Yield
The remunerative rate of interest, which is assumed, if the property is to be let at its full rental value.