Definitions

The definitions and interpretation clause should include all of the individual defined terms that are included in an agreement and all of the provisions that are to apply to the general interpretation of an agreement and, if necessary, of certain phrases used with it. The defined terms and the interpretation provisions will normally be set out in two separate sub-clauses. The definitions and interpretation clause will usually be found at the beginning of an agreement and the terms will be set out in alphabetical order for ease of reference.

The purpose of defining terms is to avoid:

  1. repetition within the main body of an agreement,

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RICS publishes update on current developments in home buying and selling reform

The Royal Institution of Chartered Surveyors (RICS) has published an update on current developments in home buying and selling reform, noting that long transaction times and high fall‑through rates have increased scrutiny of how property information is provided to buyers. The update refers to a UK government consultation launched in October 2025, which set out proposals for a faster and more transparent system supported by digital tools, higher professional standards and better-informed consumers. The proposals included mandatory qualifications and a code of practice, digital property packs and logbooks, binding conditional contracts, greater digitalisation and changes affecting leasehold sales. RICS states that, subject to the consultation outcome, the government intends to publish a reform roadmap during the current parliament, while noting that there is currently no planned legislation to support significant changes. The update also refers to a separate consultation on material information in property listings, launched following the Digital Markets, Competition and Consumer Act 2024 (DMCCA 2024). RICS says its response addressed the role of professional advice and expertise in the provision of material information. The update includes frequently asked questions (FAQs) covering the timing of reforms, industry capacity, impacts on small firms, insurance, valuations and the interaction with the RICS Home Survey Standard.

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