Glossary of Terms

Assured Shorthold Tenancy Agreement (AST)

This is the standard tenancy agreement normally used for residential letting.

Check out

Check of a rented property carried out after a tenant has vacated. The condition of the property and contents is checked against the inventory which is agreed at the start of the tenancy. The inventory report is then used to agree the settlement of the deposit.

Energy Performance Certificate (EPC)

It is a legal requirement that all properties let for private residential purposes must have an EPC. It advises prospective tenants the energy performance of a .property

Fixed Term Tenancy

A tenancy with a specified start and end date.

Gas Safety Record (GSR)

It is a legal requirement that all gas appliances (including gas meters) have had an annual gas safety check carried out by a registered engineer. Landlords are legally required to have a GSR produced annually.

Guarantor

Someone who agrees to pay rent and any costs arising from the tenancy agreement should there the tenants are unable to meet the rent or any other costs relating to the property during their tenancy.

House in Multiple Occupation (HMO)

A term applied to a property which has 2 or more unrelated tenants. A license may be required and is dependent on the local authority.

Rest assured our local knowledgeable staff can help you every step of the way to help you rent your property. For more information on how we can help, call one of our local property experts on 02476 314601.