Leasehold Definitions - Jargon Buster

16 definitions for letter T:

Tenancy

The tenancy is the temporary possession of a property by a tenant.

Tenancy agreement

The Tenancy agreement legally identifies the rights of both tenants and landlords by detailing all the terms and conditions of the rental arrangements.

Tenant

The Tenant is the party legally entitled to temporary possess a property.

Tenants in common

'Tenants in Common' describes a form of ownership by two or more parties. Should one of them die, the other party does not automatically receive the deceased's share of the property as that share forms part of the deceased's estate.

Tender

This is an arrangement whereby prospective purchasers are invited to submit sealed bids by a previously stated date and time. The moment the offer is accepted by the seller, the arrangement becomes a legally binding contract.

Tenure

A collective term which relates to the nature of the owners title to a property i.e. is it freehold or leasehold.

Terraced house

A terraced house forms part of a connected row of houses.

The Ombudsmen for Estate Agents

This is an independent professional body that investigates complaints on behalf of customers, and is answerable to the Trading Standards Department. If using an estate agent to sell your property, it is always worth ensuring that they are members of the Ombudsmen Scheme so you do have some form of redress, should things not go according to plan.

Throat (1)

The undercut part of a drip.

Throat (2)

A narrowing of the bottom of a flue just above the fireplace, that improves the draught from an open fire. Sometimes it is fitted with an adjustable metal 'throat restrictor' to vary the draught.

Throat (3) (carp.)

The opening from which shavings come out of a plane.

Title deeds

Documents showing the legal ownership of a property, which are normally held by a vendor's mortgage lender.

Transfer deeds

Transfer deeds are documents from the Land Registry that transfer legal ownership to Buyer from Seller.

Transfer of deeds

A Land Registry document that transfers the ownership of a property on completion in registered land transactions.

Terms of engagement

A letter or contract which sets out the scope of service or extent of report that a service provider or supplier of a product will undertake for the fee

Tree preservation order

The name given to the protection awarded to certain trees by the relevant local authority to protect them from being cut down, pollarded etc... For trees subject to a tree presevation order planning permission must be sought from and granted by the local authority to enable any works to the tree, such as pollarding, or to give permission for removal