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M

Managing agent -A letting agent who manages the day to day running of the property on behalf of the landlord. The landlord remains legally responsible for the property and repairs but the agent works on the landlord’s behalf.

Money Laundering Regulations -These are regulations which mean we are required to make checks on potential landlords and tenants to make sure the property and any rent is being paid from legitimate sources.

N

Negligence -The breach of a contract which is committed carelessly or inadvertently as opposed to deliberately.

Non-Housing Act-Residential tenancies which do not meet the criteria of the Housing Act 1988 and Tenancies Act 1996 are collectively known as Non-Housing Act Tenancies.

Non-Resident Landlord (NRL) scheme -The scheme that sets the rules for how overseas landlords pay tax.

Notice -A declaration given by either a landlord or tenant that the tenancy agreement is coming to an end.

O

Occupier-A tenant or any other person or organisation entitled to occupy a Premises under a tenancy, licence of any other form of agreement or contract.

Occupancy Agreement-An agreement between a Landlord and an occupier which permits them to occupy a Premises whether or not it constitutes a tenancy agreement.

P

Periodic Tenancy-Either Contractual Periodic - a tenancy which is contracted by agreement to run from month to month or Statutory Periodic - when a fixed term comes to an end and the tenant remains, by agreement, in the property under the same terms and conditions as the original agreement and runs from month to month or quarter to quarter, depending upon the basis on which the rent is paid.

Portable Appliance Test (PAT)-A test carried out on electrical appliances. Landlords are responsible for ensuring any appliances provided are safe to use.

Portfolio -When a landlord lets more than one property, this is called a ‘portfolio’.

Prescribed Information-The information that is required to be provided to the tenant and any relevant person under the rules of a government authorised tenancy deposit scheme and as prescribed in the Housing (Tenancy Deposits)(Prescribed Information) Order 2007.

Q

Quiet Enjoyment -A term meaning that the tenant is allowed to conduct the premise how they see please without any intervention or conflict from the landlord.