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THE PROPERTY HANDBOOK
LIM
loan agreement
manse
mortgage
Land Information Memorandum. A report issued by
a local authority, which contains information about a
property.
Formal document in which all the terms and
conditions pertaining to the money being borrowed
must be disclosed.
Parish residential property which provides
accommodation for the minister and family.
Legal document which sets out the terms and
conditions upon which the security for any borrowing
is effected against property.
partner Churches Other denominations in a co-operative venture –
mainly Methodist and/or Anglican.
presbytery
Regional body of the Presbyterian Church which has
oversight of all Presbyterian parishes in that area.
sale & purchase agreement Legal document in which all the terms and conditions
of sale are recorded, signed by the purchaser and
the vendor at the time of agreement. Once signed
by both parties, the agreement becomes a binding
contract, subject only to the conditions stated in
the agreement.
title
The Trustees
UDC/UCC
valuation
vendor
Yearbook
See Certificate of Title. This identifies ownership of
a property.
For the purposes of this handbook, it means The
Presbyterian Church Property Trustees.
Union District Council or Uniting Church Council: a
council appointed by the Presbyterian and Methodist
Churches to jointly carry out the equivalent duties of
a presbytery in an agreed region.
Report from a registered valuer, stating the condition
and current market value of the property under
consideration.
Owner of the property which is being sold.
Directory containing contact details for every parish,
minister and nationally appointed organisation within
the Presbyterian Church.