Property

Our Property Glossary

 

This is the process which results in the acquisition of legal title of land, without actually paying for it

 

This is a clause which allows a tenant to end a lease at specific times during the period of the lease

 

This refers to any property except freehold land

 

A form of freehold land ownership, as an alternative to long leasehold ownership

 

An assesment of a tenant's liabilities under repairing covenants in a lease

 

An interest in land owned by a different party which entitles its holder to a specific use or enjoyment

 

When a portion of a building, wall or fence extends beyond the land of the owner and intrudes upon that of an adjoining owner

 

An obligation affecting a property, generally in a negative way

Equity 

 

In property terms, normally used to describe the difference between the outstanding mortgage and the value of a property

 

Removing a tenant from their rented property

 

This refers to a permanently fixed piece of furniture or equipment on a property

 

When one has absolute title on a property

 

Money that needs to be paid under leasehold

 

Property which is suitable and fit for a person to live in

 

The place of a person’s home or residence

 

Government Department that holds information regarding property ownership details

 

A tenancy which arises because someone remains in possession of a property after the expiration of the previous tenancy

 

A deed or other document binding two or more parties

 

Where people jointly own assets or property. The ownership passes to the survivor on the death of the other party

 

A body that maintains records of who owns property and what conditions relate to the property

 

Property owner who rents it out to a Tenant

Lease 

 

The letting of land for a prescribed period

 

Where property is owned for a limited period

 

This is where a property cannot be used in the normal way for some reason

 

Sum of money claimed by the owner of property against someone not legally entitled to be in possession

 

Gives prior notice, when served in possession proceedings, of termination of a tenancy

 

Holding or possessing premises

Ouster 

 

An order within an injunction to force a person to leave a property

 

A wall dividing two separate premises - the joint responsibility of both owners

 

When the Local Authority approval the building, extension or change of use of a property.

 

Legal proceedings by a landlord to recover land or property

 

A building or part thereof

 

These are the implied obligations of a landlord to ensure that their tenant is not disturbed in their property

Realty 

 

Land

 

Damage to a property as a result of normal use

 

Taking possession of a property, usually due to lack of payment of rent or mortgage

 

An agreement which prevents a property purchaser from building on or using the property in a certain way

 

A person occupying land or property without the owners consent

 

The renting of a property by a tenant

Tenant 

 

Someone who rents a property from a Landlord

 

Where more than one party owns a property but each party has a specified share

Tenure 

 

The type of property holding

Title 

 

The owner's right to a property

 

Documents which act as evidence of ownership and set out any obligations or rights which affect the property.

 

Invasion of private property

 

A remedy available following illegal re-entry of premises by persons evicted under a warrant of possession, whereby a bailiff is authorised to evict all occupants found on the premises and re-deliver the premises to the plaintiff
 
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