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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

  1. Deflation

    A situation in which prices are falling (the opposite to inflation).

  2. Deposit

    A sum of money (usually four to six weeks' rent) paid by the tenant prior to moving in.

  3. Detached

    A term used to describe a property that stands alone, separate from all others.

  4. Development

    A newly built residence or an older property that has been refurbished and modernised.

  5. Dilapidations

    Any disrepair or damage to a rented property. The costs of the dilapidations are usually recovered from the deposit.

  6. Draft contract

    Preliminary version of the contract.

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