Glossary

"The Property"

The property specified in the instruction letter or any part thereof together with any common ways or shared facilities if the Property is part only of a building and any fixtures fittings and furniture belonging to the Landlord

“The Tenant”

Any one or more individuals or corporate entities named as Tenant in the Tenancy Agreement.

“The Occupier”

The authorised Licensee of the Tenant permitted occupation of the property under the terms of the Tenancy Agreement

“The Tenancy Agreement”

The written contract between the Landlord and the Tenant setting out the terms of the Tenancy including rent.

“The Tenancy”

The occupation of the property by the Tenant or Occupier for the term as defined in the Tenancy Agreement including any renewal or extension

“The Term”

The length of the letting and any subsequent letting.

"Initial Term"

The first agreed period of the letting prior to any renewal or extension of the term.

“Rent” The sum payable by the Tenant to the Landlord for the duration of the Tenancy inclusive of ground rent and service charge but excluding gas, electricity, telephone, water and council tax except where otherwise specified.

“The Deposit”

The sum of money lodged with the agent by the Tenant at the start of the Tenancy to cover any damage or loss incurred during the Tenancy. Any balance after deducting such costs must be returned to the Tenant.

“held as Stakeholder”

apportionment of any deposit deductions at the end of the Tenancy must be jointly agreed by Landlord and Tenant before monies are released by the Landlord’s Agent. Any disputed amount will not be paid to either party until mutual agreement is reached or an appropriate third party decision made.

“Commission”

The remuneration payable to the letting agent for letting and, if applicable, managing the property.

Words importing the singular number include the plural number and vice versa.

Words importing the masculine gender only include the feminine gender and vice versa.

Words importing persons shall be construed as importing a corporate body and/or a partnership and vice versa.

Where any party comprises more than one person the obligations and liabilities of that party under this agreement shall be joint and several of those persons.