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A-Z of Property Jargon
Accounting system
Accounts package designed to hold information in respect of individual leaseholders and landlords. Records all financial aspects of the company.
Alienation
Allocation questionnaire
Alterations
Boiler flue
Companies House
Company secretary
Client account
Contract administration
CORGI registration
CIS schemes
Compliance certificate
CPO - Compulsory Purchase Order
CCJ - County Court Judgment
Caution
Certificate of compliance
Deed of covenant
Dry rot
Dilapidations survey (Schedule of dilapidations)
Demise/allocation
DDA - Disability Discrimination Act
Easement
Freehold purchase
Ground rent
Granting of new lease
Head and sub lease
IEE 16th edition
Insurance proposals
Insurance schedules
Inventories
Landlord's Gas Safety Certificate
Lease
Lease assignment
Leasehold Valuation Tribunal (LVT)
Lessee
Lessor
Memorandum and articles
NIC/EIC
Party wall
Peppercorn rents
Rent review
Reserve levels
Right to manage
Ryde scale
Schedule of condition
Schedule of dilapidations
Scott Schedule
Section 20 notice
Section 146 notices
Section 48
Service charge
Service charge arrears and deficit
Soffits and fascias
Statutory accounts
Surrender a lease
Tensile
Terms of engagement
Tree preservation order
Tenancy
A temporary possession of a property by a tenant.
Tenancy agreement
A legal agreement designed to protect the rights of the tenant and landlord and setting out all the terms and conditions of the rental arrangements.
Tenant
A person who has temporary possession of a property.
Tenants in common
A form of ownership by two or more people in which if one of them dies, their share of the property forms part of their estate and does not automatically pass to the other(s).
Tenure
Conditions on which a property is held (ie: length of lease).
Terraced house
A property which forms part of a connected row of houses.
Title deeds
Documents showing the legal ownership of a property.
Transfer deeds
The land registry document that transfers legal ownership from seller to buyer.
Underpinning
Wayleave
Wet rot
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