Property Management Dictionary & Rental Terms Glossary

The ultimate property management dictionary and glossary for property managers and landlords in the UK.

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Annual Tax On Enveloped Dwellings (ATED)

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.

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Assured Shorthold Tenancy

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

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Buy-To-Let (BTL)

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.

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Energy Performance Certificate (EPC)

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

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Furnished Holiday Let (FHL)

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

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Gas Safety Certificate

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

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House in Multiple Occupation (HMO)

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.

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Making Tax Digital

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

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Minimum Energy Efficiency Standards (MEES)

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.

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Right To Rent

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

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Section 21 Notice

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

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Section 48 Notice

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

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Section 8 Notice

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

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Stamp Duty Land Tax (SDLT)

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

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Tenancy Deposit Scheme (TDS)

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

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Tenant Referencing

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

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