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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Deflation
A situation in which prices are falling (the opposite to inflation).
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Deposit
A sum of money (usually four to six weeks' rent) paid by the tenant prior to moving in.
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Detached
A term used to describe a property that stands alone, separate from all others.
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Development
A newly built residence or an older property that has been refurbished and modernised.
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Dilapidations
Any disrepair or damage to a rented property. The costs of the dilapidations are usually recovered from the deposit.
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Draft contract
Preliminary version of the contract.
