Lesson 16.11.2010

Listening 1 - Property law presentation pag 76 ex 11-12
For more general information: http://www.property-abroad.com/buyers-guide//

Key terms: Buying a real property

• a lien
• a deposit
• rental income
• a mortgage
• conveyance
• an escrow : (atto o bene depositato presso terzi/deposito in garanzia) Something of value, such as a deed, stock, money, or written instrument, that is put into the custody of a third person by its owner, a grantor, an obligor, or a promisor, to be retained until the occurrence of a contingency or performance of a condition.
• an escrow account
• an escrow agreement
• in escrow: in garanzia
• an easement
• cadastral register
• a chain of title A chain of title is the sequence of historical transfers of title to a property. The "chain" runs from the present owner back to the original owner of the property..
• capital appreciation: (quotazione di fondi) A rise in the value of an asset based on a rise in market price
• stamp duty : (tassa di bollo, imposta) a tax on the conveyance of real property
• notarial deed:
• an encumbrance : (vincolo) a restriction on the use of the property
• gazump: (imbroglio)raising the price just before the papers are signed
• foreclosure: (pignoramento) “The bank was forced to foreclose the property”

Listening 2: Telelephone enquiry: Invest in a buy-to-let property in Prague. pp.78-79 ex.19-22
- Acquistare una proprietà in Italia

Reading 3: Draft tenancy agreement pag 80 ex 1-2
- Deed of conveyance

Homework

• Language focus pag 82 ex. 1-4
• Listening 7.4 pag 81 ex 26