Tenancy Agreement Word Reference

When it comes to renting a property, one of the most important documents you will need is a tenancy agreement. This legally binding contract sets out the terms and conditions of the rental agreement between the landlord and the tenant.

While most tenancy agreements follow a standard template, the wording and legal jargon used can sometimes be confusing. To help you navigate your tenancy agreement, we’ve put together a word reference guide to some of the most common terms used:

1. Landlord – The owner of the property who is allowing the tenant to occupy it in exchange for rent payments.

2. Tenant – The person or group who is renting the property from the landlord.

3. Rent – The amount of money paid by the tenant to the landlord in exchange for the right to occupy the property.

4. Security deposit – A sum of money paid by the tenant to the landlord at the start of the tenancy to cover any damages or unpaid rent at the end of the agreement.

5. Lease term – The length of time the tenancy agreement is valid for. This can be anything from a few months to several years.

6. Notice period – The amount of time that either the tenant or the landlord must give before ending the tenancy agreement.

7. Maintenance – The responsibility of keeping the property in good repair and free from damage. This is usually the responsibility of the landlord.

8. Inventory – A list of all the items and fixtures in the property at the start of the tenancy. This is used to check for any damages at the end of the agreement.

9. Subletting – When the tenant rents out part of the property to another person, with the landlord’s permission.

10. Breach of contract – When either the tenant or the landlord fails to comply with the terms and conditions of the tenancy agreement.

By understanding these key terms, you will be better equipped to read and understand your tenancy agreement. If you have any questions or concerns about the wording or content of your agreement, it’s always a good idea to seek legal advice before signing.

Remember, a tenancy agreement is a legal contract, so make sure you read it thoroughly and understand it before committing to anything. With this handy word reference guide, you’ll be well on your way to becoming a tenancy agreement expert in no time!