Term of Tenancy

Length of tenancy – most initial tenancy agreements are for a minimum of six months.

Superior Lease (Head Lease)

This is the lease that the landlord holds. This is often the case in an apartment/flat where the owner has the leasehold interest, but another individual owns the freehold. The landlord must abide by the obligations / covenants and ensure that his tenant also abides by them if the flat is rented out – e.g. not to hang out washing on a balcony etc.

Superior Landlord

People or person to whom the ownership of a property might revert to at a later stage. e.g. an apartment with a 99 year lease. See also Superior Lease.

Studio Apartment / Flat

Flat with bedroom/living room all in one either with a separate kitchen or corner of the main room as a kitchen with separate bathroom and toilet.

Standing Order

Standing order mandate is an instruction that the tenant makes to his/her bank for payment of rent. It can either be set up on a form or on line (by the tenant). Normally payments are made each month and the instruction will state the number of payments or will continue to be paid until cancelled by the tenant. A landlord or agent cannot cancel a standing order mandate, only the person whose bank account the fund are coming from. A standing order should not be confused with a Direct Debit. This is not often used for the payment of rent and is more common for payments that differ each month.

Utilities (Services)

These are normally electricity, gas and water. Under most circumstances the tenant is responsible for paying for these.

References

Checking a tenant applicant’s suitability to be able to pay the rent and also the applicant’s track record in earlier rentals. This often involves contacting previous landlords, the present employer or accountant if self- employed and bank (banks normally charge for providing references) See also Credit search references.

PCM (Per Calendar Month)

Rental figure “pcm” – per calendar month.

Landlord

A person, persons, company or body that has a formal interest in the premises and has the right to let the property.

Joint and Several Liability

Often applies to House shares. Where there is to be more than one (adult) person living in the property, the tenancy will say they are “jointly and severally” responsible. This means that, jointly, the tenants are liable for the payment of all rents and all liabilities falling upon the tenants during the tenancy, as well as any breach of the Agreement. Individually each tenant is responsible for payment of all rent and all liabilities falling upon the tenant, as well as any breach of the Agreement until all payments have been made in full.

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