Property Management Dictionary & Rental Terms Glossary

ATED is a tax on UK residential properties over £500,000 owned by companies, with reliefs available to reduce the charge if conditions are met.

An Assured Shorthold Tenancy is the most common type of rental agreement in the UK, typically lasting for 6-12 months.

Buy-to-let (BTL) refers to the practice of purchasing a property with the intent of renting it out rather than using it as a primary residence.

An EPC provides information on a property's energy use and typical energy costs.

Freehold – you own the property and the land it's built on. Leasehold – you own the property for a set period, but not the land it's built on.

A Furnished Holiday Let (FHL) is a type of short-term rental property in the UK that offers a unique set of tax benefits.

Landlords must ensure that gas appliances and flues are maintained in a safe condition and checked annually by a registered Gas Safe engineer.

Houses in Multiple Occupation (HMO) require a special license if rented out to multiple unrelated tenants, with strict safety and management standards.

A House in Multiple Occupation (HMO) is a type of residential property in the UK that is rented out by at least three people who are not part of the same household.

Making Tax Digital (MTD) is a UK government initiative designed to modernise the tax system and make it easier for taxpayers.

The Minimum Energy Efficiency Standards (MEES) are part of the UK’s strategy to improve energy efficiency and reduce carbon emissions in the private rented sector.

Landlords must check that a tenant has the right to rent in the UK before the start of a new tenancy.

A Section 21 notice allows landlords to begin a 'no-fault' eviction. Recent changes in law are aiming to phase this out.

A Section 48 Notice requires landlords to give tenants an address for serving notices, ensuring legal compliance and enabling enforcement of rent payments.

A Section 8 Notice is a legal document used by landlords seeking to evict tenants who have broken the terms of their tenancy agreement.

Stamp Duty Land Tax is a tax on property transactions that investors need to pay when purchasing buy-to-let properties.

What is a tenancy agreement? Why do you need one? And how do your create an agreement that is compliant and legally binding.

The Tenancy Deposit Scheme (TDS) is a government-backed initiative in the UK designed to protect tenants' deposits.

Tenant referencing is a process to help landlords select tenants who are financially responsible, reliable, and legally eligible to rent.