The Parties
Landlord
The person or company that owns and rents out a property.
Lease
A legally binding agreement allowing a tenant to occupy a property for a specified period in return for rent.
Rent
The regular payment made by a tenant for the use of a property.
What is the difference between Maintenance & Repair
Routine work carried out to keep a property in good condition.
Work carried out to fix damage or defects in a property
Notice Period
The amount of time one party must give before ending a tenancy.
Tenant
A person who rents and occupies a property owned by someone else.
Tenancy Agreement
The written contract setting out the rights and obligations of the landlord and tenant.
Rent Arrears
Rent that has not been paid by the tenant when it is due.
Habitable Condition
A state in which a property meets the minimum legal standards for occupation.
Illegal Eviction
Removing a tenant without following the legal eviction procedure.
Guarantor
A person who agrees to pay the rent or other debts if the tenant fails to do so.
Fixed-Term Tenancy
A tenancy that lasts for a specific period, such as one year.
Security Deposit
Money paid by the tenant to cover unpaid rent or damage beyond normal wear and tear.
Wear and Tear
The normal deterioration of a property caused by ordinary everyday use
Possession Order
A court order requiring the tenant to leave the property.
Joint Tenants
Two or more tenants who are equally responsible for the tenancy agreement.
Periodic Tenancy
A tenancy that continues automatically until either party gives notice
Mortgage
A loan secured against a property used to purchase it.
Utilities
Essential services supplied to a property, such as electricity, gas and water.
Nuisance
Conduct that substantially interferes with another person's use or enjoyment of property.
Letting Agent
A person or company acting on behalf of a landlord to advertise, manage and sometimes maintain rental properties
Subletting
Renting all or part of a property to another person while remaining the original tenant.
Late Payment Interest
Additional money that may be charged when rent is paid after the agreed due date, if permitted by the tenancy agreement or law.
Right of Quiet Enjoyment
The tenant's legal right to use the property without unnecessary interference from the landlord.
What is the difference between Freehold & Leashold ?
Ownership of both the property and the land for an unlimited period.
Ownership of the right to occupy a property for a fixed number of years while another person owns the land