A.S.T – Assured Shorthold Tenancy
Arrears – Money unpaid by the tenant in whole or in part after the due date specified in the tenancy agreement.
Break Clause – A clause in a tenancy agreement allowing either party to follow a set procedure to break the agreement.
Buy to let – A scheme for investment Landlord’s to finance and purchase a property to be let.
Common Household – Where a residential property is self contained and shared as a whole house by two or more tenants. The tenants are usually jointly and severally liable under the tenancy.
Contractual Obligation – A binding obligation imposed on a party to a contract and which, if not complied with, breaches the contract.
Contractual Term – A fixed period of time stated in a contract or agreement as being the time for which the contract will last.
Corgi Registered – ‘Corgi’ is the trade organisation for registered gas fitters.
