Leasehold Definitions - Jargon Buster

5 definitions for letter Q:

Qualifying Flat Owner

The Qualifying Flat Owner owns a long Lease on a property (a lease for more than 21 years) ???

Qualifying Leaseholder

The Qualifying Leaseholder owns a long Lease on a property (a lease for more than 21 years).

Qualifying Tenant

The Qualifying Tenant owns a long Lease on a property (a lease for more than 21 years)

Quantity surveyor (q.s.)

A person trained in construction costs and contract procedures. He makes feasibility studies, advising the client on selection of contractor, prepares contract documents such as the bill of quantities, controls costs, provides financial statements during building and helps to settle the final account. This profession, unique to the UK, originated in the 19th century, when groups of competing contractors shared the cost of employing one man draw up a bill of quantities as a basis for tender. Chartered quantity surveyors belong to the RICS.

Qualifying Flat Owner<

The Purchase is the Buyer of a property.