• Jargon Buster Page 2 - Page 2
  • Jargon Buster Page 2 - Page 2
  • Jargon Buster Page 2 - Page 2
  • Jargon Buster Page 2 - Page 2
  • Jargon Buster Page 2 - Page 2

Early Release
When a Tenant asks for permission to end a tenancy before it is due to expire.

Electrical Equipment (Safety) Regulations 1994
Governs the safety of electrical equipment provided by the Landlord to a Tenant.

Energy Performance Certificates (EPCs)
Energy Performance Certificates (EPCs) are a compulsory set of tests which must be conducted on a property prior to letting in order for the applicant to see how energy efficient it is. This came into force in October 2008.

Fire Safety Regulations
These specify certain acts which must be undertaken by a Landlord or a Tenant.

Fixtures and Fittings
Items usually provided in a letting – curtains, carpets, blinds, light fittings, kitchen units, appliances, etc.

A person, body or company who owns a building and who then leases out parts of the building to another person – a leaseholder.

Fully Managed Service
A service provided by an Agent to a Landlord where the Agent will undertake many aspects of the lettings process on behalf of the Landlord to include receiving the rent and being a point of contact for the Tenant for the duration of the tenancy.

Furniture or other items provided by the Landlord at the property when letting. In the case of some lettings there will be beds, chairs, tables and other items of fixtures and fittings provided.

Gas Safety Regulations
This governs the safety of gas appliances and associated pipe work. www.opsi.gov.uk/si/si1998/19982451.htm

A person who is prepared to guarantee rental payments and other obligations of a tenancy. The guarantor will be liable for rental payments if a tenant is unable to pay them, so the guarantor will need to have a regular income.

Her Majesty’s Revenue and Customs: www.hmrc.gov.uk

Housing Benefit
A state benefit within the social security system which is paid to employed and unemployed people on low incomes to help them pay their rent.

Inventory and schedule of condition
A list detailing every item including fixtures and fittings contained within a rental property and the condition of each listed item is in usually checked by all parties on the day and the tenant moves in and signed by all parties.