Jargon Buster

At Ridley Properties, we understand how daunting it can be letting a student property for the first time, not least because of all the jargon used. We aim to make letting your ideal student property as stress free as possible, so we've compiled a list of common terms used throughout the process and explained what they all mean.

 

Contents Insurance

 

These are not mandatory but provide protection for items in your flat or hime, including furniture and personal possessions, in case they're stolen, lost or damaged.

 

Contract

 

This is the legal and binding agreement containing all the essential details of the renting a property.

 

Inventory

 

This is the list that describes the fixtures, fittings and other items in a rental property. It is given to the tenant at the beginning of the rental period so that any errors can be highlighted at the end of the tenancy.

 

Landlord

 

The owner of a property being let to a tenant.

 

Tenancy Agreement

 

A legal document outlining the terms and conditions of the tenancy and is used to protect the rights of both the tenant and the landlord.

 

Tenant

 

Person occupying a property, normally subject to the terms of a lease or tenancy agreement agreed with the landlord.

 

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