buildings insurancenounbuildings insurance
Buildings insurance is usually required by mortgage lenders.
chainnounchain
The sale fell through when someone broke the property chain.
contents insurancenouncontents insurance
Contents insurance covers your belongings against theft and damage.
dampadjdamp
The damp walls need treating before you can redecorate.
evictverbevict
The landlord moved to evict the tenant for non-payment of rent.
floor plannounfloor plan
Study the floor plan carefully before deciding which room to take.
gazumpingnoungazumping
Gazumping is when a seller accepts a higher offer after already agreeing to sell.
ground rentnounground rent
Ground rent is paid annually to the freeholder of the land.
home loannounhome loan
He took out a twenty-year home loan to buy the house.
housing benefitnounhousing benefit
Low-income families can apply for housing benefit to help with rent.
housing cooperativenounhousing cooperative
The housing cooperative is run by its members.
inventorynouninventory
An inventory is completed at the start and end of a tenancy.
loft conversionnounloft conversion
A loft conversion added an extra bedroom to the house.
meter readingnounmeter reading
Take a meter reading when you move in and when you leave.
moldnounmold
Mold appeared on the bathroom walls due to poor ventilation.
negative equitynounnegative equity
Falling house prices left many owners in negative equity.
notice periodnounnotice period
The lease requires one month’s notice before leaving.
overcrowdingnounovercrowding
Overcrowding in the building caused safety concerns.
planning applicationnounplanning application
They submitted a planning application for a rear extension.
property taxnounproperty tax
Property tax funds local schools and services.
rent-to-buynounrent-to-buy
The rent-to-buy scheme lets tenants save while renting.
repossessionnounrepossession
After months of missed payments the bank began repossession proceedings.
service chargenounservice charge
The service charge covers maintenance of the communal areas.
squatternounsquatter
Squatters occupied the empty building for six months.
stamp dutynounstamp duty
Stamp duty is paid to the government when you buy a property.
structural surveynounstructural survey
A full structural survey revealed cracks in the foundation.
sublettingnounsubletting
The contract prohibited subletting without prior written consent.
surveyornounsurveyor
The surveyor found damp in the cellar during the inspection.
tinyadjtiny
Her first office was tiny.
void periodnounvoid period
Landlords lose rental income during void periods between tenants.
