Jargon Buster
Understand property related jargon.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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Common areas
Areas of land or buildings, such as gardens, hallways, recreational facilities and parking areas, where more than one resident shares access.
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Company Tenancy
This form of Tenancy Agreement is used where a company is the tenant. There is no additional statutory protection; both landlord and tenant are bound only by the terms of the written agreement.
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Contents insurance
Insurance that covers the contents of a property, including electrical goods, carpets, furniture and curtains.
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Contract
A legal agreement between the landlord and tenant of a property.
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Contract race
When two parties have made an offer on the same property, the landlord will let to the first party to exchange contracts.
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Contractual Tenancy
This form of Tenancy Agreement is used where the rent exceeds £25,000 per annum and the tenant is an individual or group of individuals. The tenant is not given any additional statutory protection and both parties are bound only by the terms of the written agreement.
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Converted flat
A flat or apartment that has been created by the subdivision of a larger property.
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Corporate Services
Foxtons Corporate Services is a specialist team of New Business Developers and Account Managers who deal with thousands of companies from a variety of sectors and offer a fully tailored, complimentary home-finding service.
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Corporate relocation
The process by which a company relocates an employee as part of the employer's normal course of business.
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Credit check
The procedure by which a check is made on the credit history of an applicant, usually conducted by one of the large dedicated credit check agencies. The check will reveal history of credit card repayments, outstanding debts, arrears and County Court Judgments.
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Credit history
A history of an individual's or company's past borrowing, including information about late payments and bankruptcy.
