The Crown initiates the financial work of Parliament by a demand for a grant. It is for the House of Commons to consider to what extent that demand is to be agreed to and the charges which should be put upon the people to meet it1. An Act of Parliament is necessary to validate any grant or charge, and the consideration of such a bill gives the House of Lords the opportunity of exercising its constitutional right to assent or dissent, but not to alter the grants or charges agreed to by the House of Commons.
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Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
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