Official registry of property titles. The world's largest property database, listing
Person, group or company that has the right to let that property to a tenant (person or business).
A growing number of local authorities are introducing voluntary private landlord accreditation schemes, as are universities for student lets, and landlord associations.
Generally landlords who belong agree to adhere to given standards in return for being able to say they are accredited
Building and Contents insurance that is specific to the rental of property by a landlord rather than for normal residential living.
|Landlord's Energy Saving Allowance||
Tax allowance originally introduced for Individual Landlords in April 2004 and which now covers loft insulation, cavity wall insulation, solid wall insulation, draught proofing, hot water system insulation, and floor insulation.
The allowance was extended to Corporate landlords in 2008.
A document which defined the agreement between an owner and tenants. It lists all the conditions which the leaseholder must abide by and also what the Landlord responsibilities are.
This is normally described as ownership of Land/property for a fixed period of time. This ownership is subject to the annual payment of ground rent to the owner of the freeholder.
Fees charged by a solicitor or other qualified individual to carry out the legal work associated with buying a house.
Company or person who lends you money for a agreed time period. There will normally be interest charged and they will expect their money back within this period plus the interest.
|Let To Buy|
To use a small amount of money to control a large amount of money/asset. In the UK this is normally referred to as Gearing.
The London Inter Bank Offered Rate: the rate at which banks lend money to each other. LIBOR changes daily and a LIBOR linked mortgage will normally be adjusted every three months
|Licence to Occupy||
A shorter and more simple type of tenancy agreement that a standard commercial lease.
This type of tenancy does not create an interest in the property and so the tenant will have to accept that the Landlord can themselves enter the property at any time. The terms could also be extended to allow the landlord to occupy the property at the same time.
A charge against income or a property making it security for the payment of debt.