cAn account set up with the sole purpose of holding money on behalf of the clients at a bank, building society or other financial institution.



cLetting to a bona fide company.



cA legal agreement which binds both parties, buyer and seller of a property, to complete and confirm the process.



cIf not complied with, this will breach the contract as this is a binding obligation imposed on parties within a contract.



cThe amount of time in which contract lasts, fixed term.



cUsually the responsibility of the resident to pay, as a local authority tax for England, Wales and Scotland.



MyLondonHome Sales JargonAn agreement by lease, deed or other legal contract where relevant to the landlord or tenant.


cVarious agents and landlords will use an external company who will contact the applicants current employer, landlord and also check out credit history which will then produce a report on the potential tenant’s financial credibility to rent.



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