Apportionment

Apportionment refers to the time when you come to buy/sell a property and wish to ensure that you only pay electricity, gas, council tax etc for the period in which you own the property. Apportionment in effect means sharing expenses between the buyer and seller of a property. In that way each party will bear his or her fair share at the date on which the property sale is completed.

The person doing your conveyancing, usually a solicitor, should be able to sort these details out.

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Last Updated: March 2007 © Moneyextra.com

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