Key Terms and Definitions

What is a Holding Deposit?
A holding deposit is an amount that a landlord can take from a tenant to secure their initial interest in the property and giving them exclusivity while und...
Tue, 3 Apr, 2018 at 12:12 PM
What is a Schedule of Condition?
A record of the condition of the property at the start of the lease, usually used to limit tenants liability at keeping the property in the same condition a...
Tue, 3 Apr, 2018 at 12:12 PM
What is a Section 21 Notice?
To terminate an Assured Shorthold Tenancy in England or Wales, the landlord or agent must serve a Section 21 Notice (Notice Requiring Possession) giving a m...
Tue, 3 Apr, 2018 at 12:13 PM
What is a Section 8 Notice?
Section 8 refers to a notice under section 8 of the Housing Act 1988. This notice seeking possession of an assured or assured shorthold tenancy can be served...
Tue, 3 Apr, 2018 at 12:13 PM
What is a Section 13 Notice?
Section 13 refers to a notice under section 13(2) of the Housing Act 1988. This is a rent increase procedure to be used where the landlord and tenant of an A...
Tue, 3 Apr, 2018 at 12:14 PM