Share Flat London offers private and agency handled flats for rent.
1-6 Bedroom Flats/Houses - Any 1/2/3/4/5 or 6 Bedroom Flat or House will consist of the corresponding number of bedrooms (single or double), kitchen, bathroom – and any additional facilities/rooms – ie: lounge room, dining room, study, garden, patio, balcony, attic/storage area and so on.
Accommodation - Accommodation is a place to live, or stay.
Apartment - Apartment is a set of rooms for living in, frequently on one floor of a building.
Apartment - An apartment (in American English) or flat (in British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building.
ARLA - Association of Residential Letting Agents.
Assured short-hold tenancy - The most common form of tenancy in the UK. Similar to an Assured tenancy but lasting for a fixed period of at least 6 months. More popular as it makes it easier for the landlord to give notice and end the agreement.
Arrangement fees - Fees relating to a specific mortgage product, payable on arrangement of the mortgage.
Asking price - Asking price is the price of a property on the open market, usually determined by an estate agent.
Assured tenancy - Gives you the right to remain in a property unless the landlord can convince the court there are good reasons to evict you (such as rent arrears, damage etc.).
Attic - Attic is the space, or room, at the top of a building, under the roof, often used for storing things.
Auction - Auction is a public sale of property, where potential buyers bid against each other to buy the property, with the highest bidder securing the purchase. Property auctions.
Barn - Barn is a large building on a farm in which hay, grain or cattle is, or used to be, kept.
Bedsit - Single room accomodation which serves as a bedroom and living space in one. Generally sharing a bathroom and/or kitchen with others. Abbreviation of 'bed sitting room'.
Bedsit - Abbrevation of bed-sitter or bed-sitting room. A small apartment whereby the bedroom also serves as a sitting room (living room).
Bed-sit - A single rented room which usually contains a bed, table, chairs and somewhere to cook.
Bedsits - A 'Bedsit' by London definition is a combined Bedroom and Sitting Room in one (hence the term 'Bedsit'); it will be ONE ROOM open plan with a bed/sleeping area and kitchenette/cooking facilities – bathroom facilities will be outside the Bedsit room and will be shared with the tenants of the neighbouring bedsits. Many bedsits are in Victorian converted buildings where the rooms have had cooking facilities added to create bedsits. Size, layout and condition will vary from property to property.
The typical Bedsits are as follows:
Bridging loan - a short term loan (usually at a higher rate) taken out to cover the financial gap between buying a new property and selling an existing property.
Buddy up - Seen a 2 bed+ flat or house you like but can't afford it on your own? Why not club together with friends or like-minded people on spareroom and start your own flat or house share? To find out what implications this has in terms of tenancy agreements etc, see our guide to buddying up.
Buildings insurance - an insurance policy to cover against the damage or destruction of the permanent structure of a property. Home insurance.
Bungalow - A single storey house.
Bungalow - Bungalow is a house that has a single storey.
Buy to let - The term used to describe buying a property with the specific intention of renting it out rather than living in it.
Buy-to-let - buying a house or flat with the express intention of letting it out to tenants after the purchase. Buy-to-let mortgages.
Buy to share - Describes the increasing trend of buying a property with the intention of renting out one or more rooms to help pay the mortgage. Some lenders offer specialist mortgages for this.
Capital and interest - A mortgage repayment option whereby the amount borrowed (capital) and the interest accrued are paid back on a monthly basis to the lender.
Capital Gains Tax - The taxable profit derived from the sale of a capital asset - the capital gain is the difference between the sale price and the basis of the property, after making appropriate adjustments for closing costs, fixing up expenses, capital improvements, allowable depreciation, etc.
Capped rate - Whereby your mortgage interest rate is guaranteed not to rise above an agreed fixed rate for a defined period of period of time.
Chalet - A small wooden house found in mountainous areas, especially in Switzerland, or a house built in a similar style, especially as used by people on holiday.
Church - A building that has been used for religious worship.
Completion - The point at which all transactions concerning the property’s sale are concluded and legal transfer of ownership passes to the buyer.
Condominium - An apartment building in which each apartment is owned separately by the people living in it, but also containing shared areas.
Conservatory - A glass room, usually connected to a house, which is often used as a dining area, playroom, or sitting room.
Co-buying - Buying with another person who isn't your partner, generally in order to be able to afford property you couldn't otherwise.
Contents insurance - A policy covering your personal posessions, clothes, furniture etc as opposed to Buildings insurance which covers the structure itself. See also Room Contents insurance.
Contents insurance - Insurance to cover the damage or loss of items and belongings within a property. Home insurance
Contents List or Inventory - simply a list of the contents of the rented premises. Often such lists will be attached to the tenancy agreement and signed by both the tenant and the landlord or the landlord's agent, with both parties agreeing to what was and was not let as part of the premises. It can include everything from the beds and wardrobes to the cutlery and crockery.
Conversion - Refers to a house which has been divided to make 2 or more flats.
Contract - A legal document that details the agreement between buyer and seller that binds both parties to complete the transaction.
Conveyancing - A term to describe the legal work involved in a property transaction that is conducted by a property solicitor.
Cottage - Generally refers to smaller rural properties.
Cottage - A small house, usually in the countryside.
Covenants - Agreements written into title deeds which detail an rules or restrictions concerning a particular property.
Credit search - A search most commonly invoked by a lender through a specialised company to ascertain if an individual has CCJs or a bad payment history.
Credit scoring - A numerical value that ranks an individual's credit risk at a given point in time based on a statistical evaluation of information from a credit search.
Decking - A raised floor outside of a property, usually in the garden, that is often made of wood.
Deposit - A fixed sum taken by landlords/letting agents at the start of a tenancy to cover reasonable losses (rent arrears, damage etc.). See also Tenancy deposit scheme.
Deposit - An amount of money that the tenant leaves with the landlord during the tenancy. Commonly this will be equal to one months rent. This amount will usually be paid back to the tenant at the end of the tenancy, so long as the premises and contents are left undamaged, other than fair wear and tear and the full rent has been paid.
Deposit (for buying a property) - A sum of money (most commonly 10%) paid by the buyer of a property to a mortgage lender upon exchange of contracts.
Deposit (for renting a property) - A sum of money (usually a month's rent in advance) paid to the landlord (or agent) of the property, which is returned at the end of the tenancy, subject to the condition of the property.
Derelict - Describes buildings or places that are neglected or unoccupied and in poor condition.
Detached - Refers to a house which is completely separate from its neighbours.
Detached - A term used to describe a property which stands alone and is separated from other properties.
Dilapidations - Any disrepair or damage to a rented property.
Disbursements - Fees paid by a solicitor on the buyer’s behalf such as Land Registry fees, stamp duty and search fees.
Development - A term used to describe the building of new properties, or the renovation of older properties.
Duplex - An apartment or flat spread over two floors.
Edwardian - Property from the period when Edward VII was king of England (1901-1910).
Elizabethan - Property from the period when Queen Elizabeth I was the ruler of England (1558-1603).
End of terrace - A house situated at the end of a row of terraced houses.
En suite - A bedroom constructed with its own toilet and bathroom (i.e. it does not share these facilities with any room).
Environment - The air, water and land in or on which people, animals and plants live.
Equity release - A means of retaining the use of your house or other object which has capital value, while also obtaining a steady stream of income, using the value of the house.
Estate agent - A business that arranges the selling, renting (letting agents) or management of homes, land and other buildings (property management agents). Estate agents
Excess - The amount you have agreed to pay an insurance company towards the cost of a claim.
Exchange of contracts - When contracts are exchanged between the buyer's and seller's solicitors, legally committing both parties to the sale/purchase of the property at the agreed price.
Ex-local authority - Refers to a property which was formerly owned by the council. Often, especially in London, this refers to purpose built blocks of flats.
Farmhouse - The main house on a farm where the farmer lives or lived.
Farm - An area of land, together with house and buildings, used for growing crops and/or keeping animals as a business.
Fixed rate mortgage - Where the interest rate on a mortgage is fixed for a set period of time, meaning monthly repayments are unaffected by upward or downward movements in the standard variable rate.
Flat - A set of rooms for living in which are part of a larger building.
Flat - Generally refers to a property occupying only part of a building, known as an apartment in the US. Blocks of flats can be purpose built or in converted houses.
Flat - A flat (in British English) or apartment (in American English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building.
Flatmate, Flat mate, Flatmates, Flat mates - A term mainly used in the UK and Australia to describe someone who shares the flat or apartment with you. Generally housemate is used when the property is a house.
Flatshare, Flat share, Flatshares, Flat shares - Sharing a property with one or more people where each person usually has their own bedroom.
Flatshare/Houseshare - One of the most popular forms of accommodation for living in central London areas is the FLATSHARE or HOUSESHARE. In this form of accommodation you will be renting either a SINGLE ROOM (intended for 1 tenant), a DOUBLE ROOM (intended for 2 tenants – generally a couple) or a TWIN ROOM (two single beds – intended for 2 sharers). You will have a private room, and will share a full size kitchen, full size bathroom – and normally a communal lounge area (though in some flats in London the lounge may have been converted into an additional bedroom).
Flexible mortgage - A mortgage product that offers the borrower the flexibility to overpay or underpay on their mortgage in a given month.
Floorplan - An architect's drawing of the layout of a property showing the dimensions and spatial relationships between rooms, entrances, etc.
Fractional letting - Usually used to describe ongoing lettings which don't cover the whole week. The most common example is Monday-Friday lets where the tenant is elsewhere for weekends.
Freehold - The ownership of a property, meaning that it belongs to the owner without the limitation of time.
Garage - A building where a car is kept, which is built next to, or as part of, a house.
Garden flat - Literally a flat with a garden.
Gazumping - When a seller accepts a higher offer from a third party on a property that they have already agreed to sell to another party, but have not yet exchanged contracts.
Gazundering - When a buyer offers the seller a lower offer than the previously agreed selling price just before contracts are about to be exchanged.
Georgian - Belonging to the period when Kings Georges I, II and III ruled Britain, especially from 1714 to 1811.
Granny flat - Smaller self-contained flat at the back or on an upper floor of the main property. Usually with it's own front door.
Ground rent - An annual charge levied by the freeholder to the leaseholder.
Guarantor - A individual who offers to be contractually liable, both financially and legally, should a tenant fail to pay the rent during their tenancy, or in the event of damage to the property.
Guarantor - Guarantor is a person who guarantees to the landlord that should the tenant be unable to pay the rent, or otherwise breach the tenancy agreement, they will pay any losses directly to the landlord.
Guide price - An indication of the price that the property is expected to sell for and what the vendor is hoping to achieve. Sold house prices
Holding Deposit - This secures the property for a period up to one month usually, allowing the buyer time to organize funds through either financing or transferring of cash funds. This deposit is non-refundable and can range from GBP 3,000 - 200,000 depending on the property price.
HMO - House in Multiple Occupation
HMO - House in Multiple Occupation. Refers to certain types of accomodation shared by several people.
Home Information Packs (HIPs) - A series of documents (including an Energy Performance Certificate) recently introduced by the UK government to speed up the home buying and selling process and also to save consumers money on house sales and purchases which, for one reason or another may not complete.
Homesharing - Homesharing is where a younger person lives with an older person and provides daily help and support in return for accommodation.
House - A building which people, usually one family, live in.
House - Usually refers to a whole property. One house can contain several flats.
Houseboat - A floating house generally, but not always, converted from a boat.
Housemate, Housemates, House mate, House mates - The same as flatmate. Someone who shares the flat or house with you. Generally housemate is used when the property is a house.
Houseshare, House Share, Houseshares, House shares - Similar to the flatshare.
House-boat - A boat which people use as their home, normally situated on a river bank or canal.
IFA - Independent Financial Adviser.
Inheritance Tax - A tax paid to the government based on wealth (money, property, etc.) passed from one person to another during their lifetime or as part of their estate after death.
Initial Deposit - This applies when buying direct from a developer and is paid to the developer in order to secure the property in your name. It is usually 10 percent to 15 percent of the selling price.
Insurance - An agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc., or if your property or possessions are damaged or lost.
Interest - Money which is charged by a bank or other financial organisation for borrowing money.
Interest-only mortgage - A mortgage repayment option, whereby the borrower only repays the lender the interest on the amount borrowed - the borrower must still pay back the capital, or amount borrowed (usually through an investment vehicle).
Inventory - A list detailing Every item contained within a rental property and the condition each listed item is in, usually checked by all parties on the day the tenant moves in and signed by all parties.
Joint & Several - all persons who are made 'joint and several' are made responsible for each other. This term is often used in tenancy agreements regarding rent and allows a landlord to take an assurance that each tenant will guarantee the rent of the other tenants. Should one tenant fail to pay their rent, the landlord is then able to recover this against the other tenants.
Joint sole agency - The use of more than one estate agent to sell your property simultaneously.
Land Registry - A government body which maintains and updates records of land ownership and property ownership.
Landlord - person or persons who lets premises for a rent to the tenants. Importantly, the landlord must provide the tenants with a contact address within England and Wales. This may either be his or her own address, or someone who is acting as an agent for them.
Landlord's Agent - this expression can have two common meanings. Firstly, it may be someone employed by the landlord for the renting of the premises being a person who deals with both the landlord and tenant. Alternatively, it can also mean much more broadly anyone employed by the landlord to carry out any repairs or maintenance to the premises.
Landlord's insurance - A specific type of insurance offered by certain companies to cover the needs of landlords. Can cover anything from rent losses and damage to re-housing tenants in the case of emergencies.
Lease - A legal document by which the freehold (or leasehold) owner of a property lets the premises or a part of it to another party for a specified length of time, after the expiry of which, ownership may revert to the freeholder or superior leaseholder.
Leasehold - A legally binding document whereby the freeholder grants the right for the leaseholder to possess, or the use of land or a building for a specific period of time.
Lender - Usually a business, such as a bank or building society from whom one borrows money, or to whom one owes money.
Letting - When a property owner leases or rents out a property to tenants.
Letting agent - A business that arranges the letting or management of homes rented on behalf of private and corporate individuals.
Lifetime mortgage - A form of equity release, whereby one can borrow an amount of money against part of, or all, the value of your home, and interest is charged on the amount you borrow.
Listed building - A building of great historical or artistic value, which has official protection to prevent it from being changed or destroyed.
Live-in landlord - A homeowner who rents out one or more rooms in their property whilst living there themselves.
Live-out landlord - A landlord who rents a property they do not live in themselves.
Loan to value - The size of a mortgage relative to the property's value.
Local authority search - When a solicitor makes an enquiry to the land registry to ascertain if there are any future development issues or outstanding enforcements that might affect a property or surrounding area, which might influence the decision to purchase the property.
Loft - A space at the top of a building, under the roof, used for storage, or sometimes converted into a room.
Lodger - A lodger is a tenant who rents a room (or rooms) in another's house, usually from a Live in landlord.
Lodgings - A rented room in a shared flat or house where the owner is present. A person who takes lodgings is a lodger.
Loft apartment - Generally in former industrial premises and often open plan in layout loft apartments usually have high ceilings and lots of natural light.
Long Term Let A LONG TERM LET by London definition is any lease which is 6 MONTHS OR MORE. This is the most common form of Lease Agreement for London Rentals and will generally require 1 Month's Deposit and 1 Month's Rent in Advance prior to moving in (this does however vary depending on the Landlord and some are flexible on this factor).
Maisonette - A flat on two levels with internal stairs and/or it's own street-level front door.
Maisonette - A property arranged over more than one floor, usually as part of an existing house.
Managing/management agent - A third party business that manages the letting of properties, in exchange for a fee, on behalf of a landlord or property owner. Property management agents
Mansion - A very large and expensive house.
Mansion - A very large or expensive house. Used in London to describe a style of purpose built flats which generally have high ceilings.
Manservant - A domestic worker, someone who works within the employer's household. Domestic workers perform a variety of household services for an individual or a family, from providing care for children and elderly dependents to cleaning and household maintenance.
Mews - Mews are traditionally rows of former stables converted into residential properties. The ground floor stable area is generally a garage and the living quarters (which would have housed the ostler) are above.
Mews house - A building which was used in the past for keeping horses and is now used as a house.
Mews (street) - A short narrow road containing mews houses.
Mezzanine - A small additional floor between one floor of a building and the next floor up.
Mid-terraced house - A house situated within a terrace with a house attached on either side.
Mortgage deeds - A legal document detailing a lender's interest in a property along with the terms of the mortgage.
Mortgage - An agreement which allows you to borrow money from a bank or lender in order to buy a property. Mortgages
Mortgagee - A bank, or similar organisation, which provides mortgages to people especially so that they can buy a property.
MoU - Memorandum of Understanding. This is a contract made between the buyer and seller to secure the sale. A holding deposit is paid to the agent or seller to make the contract binding.
NAEA - National Association of Estate Agents
Negative equity - When the value of a property is less than the value of the mortgage outstanding on a property.
New-build - A house or flat that has been built from scratch by a building company or developer to be sold on. New homes
NHBC - National House-Builders Council.
No DSS - Not available to those reliant on state benefits to pay their rent
Notice to Quit - Notice to Quit is a formal written statement given by the landlord or the landlord's agent informing the tenant that possession of the premises is required and the date upon which it is required. In order to be valid a notice to quit must satisfy certain conditions. If you require more information upon these documents, please contact legal advisors.
Offer price - The financial offer a prospective buyer submits to the estate agent as a price they are willing to pay for a property.
Off-plan - The purchase of a property before the building work itself has started, or has been completed.
Ombudsman - Independent professional bodies that deal with complaints by consumers made about particular organisations, such as estate agents. (Ombudsman of Estate Agents)
Open day - When a property is opened up to prospective buyers to view over a set period of time to increase the competitiveness of a property sale.
OSP - Off-street parking.
Party wall - The wall shared by two connected properties.
Patio - An area outside a house with a solid floor but no roof which is used especially for eating, or in good weather.
Pcm - Per calendar month.
Penthouse - A luxurious apartment, or set of rooms, at the top of a hotel or tall block.
Penthouse - Top floor of a multi-storey building. Generally the most desirable flat in taller buildings due to improved views, no upstairs neighbours and a greater distance from street noise.
Planning permission - Formal approval provided by a local planning authority, or council, often with conditions, allowing a planned development to proceed.
Plot - A piece of land that has been marked, or measured, for an individual house or flat to be built, or an individual property unit within a wider new property development. Farms, estates & land
P.O.A. (price on application) - Usually for very expensive properties, the asking price is not advertised within the public domain and is only obtainable through the estate agent.
Property search agent - A company that will find and arrange viewings for particular properties to buy or rent matching your search criteria on your behalf. Property search agents
Purpose built - Refers to a collection of flats built as such rather than a conversion.
Pw - Per week.
Rebuilding cost - The cost of fully rebuilding a property, usually requested as part of a buildings insurance policy.
Recycling - When paper, glass, plastic, etc. is processed so that it can be used again.
Redemption - When a mortgage is paid off in full.
Renovation - The process of repairing and/or improving a property.
Rent - A fixed amount of money that you pay regularly to the owner of a property for the uninterrupted use and enjoyment of it for an agreed period of time.
Rent - Rent is an amount of money paid usually by the tenant to the landlord, in exchange for living in the landlord's premises.
Rent a room scheme - A government scheme which allows you to earn up to £4,250 a year tax free by taking in a lodger.
Repayment mortgage - A mortgage where monthly repayments include both the capital and interest components, meaning at the end of the term, the mortgage will be paid off in full.
Repossession - When a mortgage company takes possession of a property, primarily due to non-payment of a mortgage.
Retention - The process of withholding money from a seller until certain improvements or corrections to the property have been completed to satisfaction.
Room mains insurance - A specific policy to cover those who rent a room within a property.
Roommate - In the UK, roommate is a person with whom one shares a room or rooms. In the U.S. it typically refers to a person sharing the same house or apartment. Also known as a roomie -
Roommate, Roommates, Roomate, Roomates - An american term which is now used internationally due to American film and TV. As the name suggests it can either be use to describe someone who shares a room with you, or who shares a flat or house with you (i.e. they don't have to be in the same room to bes described as a roommate!)
Sealed bid - Where interested parties send a letter detailing the amount they are willing to pay for a property (to buy or rent) - the highest bidder usually secures the property.
Searches - A request for any information concerning a particular property, usually held by a local authority or the Land Registry.
Seasonal lettings - Describes short term lets covering a particular time of year (eg. Summer, the duration of a particular event etc.)
Section 8 Notice - Section 8 Notice is the type of notice that is required to be given to the tenant by the landlord, if the landlord seeks to gain possession of premises let upon an Assured Tenancy Agreement. The grounds contained within a Section 8 Notice are strictly regulated by statute, and you may wish to contact legal advisors for further assistance within this complicated area.
Semi or Semi detached - Refers to two houses joined together.
Semi-detached - A property that is joined to another house on one side.
Service charge - A charge to cover the cost of repairing and maintaining external or internal communal parts of a building, usually paid by the tenant or leaseholder.
Serviced apartments - Self-contained apartments designed to provide general amenities for short stays.
Share house - A share house is a model of household in which a group of usually unrelated people reside together.
Sharers - A term usually applied to those living in shared accomodation together.
Share Flat London - Share Flat London offers flat share for both short and long term let - for these flatshares please refer to our Share Flat London website at Share-Flat-London.com. These properties tend to be of a higher specification in the best London locations at bargain prices.
Short Term Let A SHORT TERM LET by London definition is any letting which is LESS THAN A 6 MONTH TERM. Generally a Landlord will charge more for a short let in Central London areas as they do not have the ongoing guarantee of income from the rent for the extended term of a lease. There are generally two types of SHORT LET's. The first is general flats/studios/flatshares where the Landlord is willing to do a Short Let. This type of Let is NOT BOOKABLE and depends on what is available at the time you are looking. The Deposit and Rent in Advance varies but can be as little as One Week's Deposit PLUS One Week's Rent in Advance.
The second type of SHORT LET properties that are offered are the more expensive Luxury Serviced Apartments. This type of Short Let IS BOOKABLE in advance and generally can be regarded as an alternative facility to booking a Hotel.
Sole agent - When only one estate agent is instructed to sell or let a property.
Solicitor - Legal expert who handles all of the documents relating to the purchase or sale of a property.Solicitors & surveyors
Speed Flatmating - Find a flatmate using the speed dating format.
Stamp duty - A tax property buyers pay to the government, the value of which depends on the value of the property being bought (ranging between 1% and 4% of the purchase price).
Structural survey - A detailed assessment of a property's structure, designed to highlight faults or defects that might impact upon it's value of the property. Solicitors & surveyors
Studio - Generally a single room for cooking, living and sleeping with its own bathroom.
Studio flat - A flat with one main room, or open-plan living area, that usually incorporates cooking facilities with a separate bathroom.
Studio flat - A flat with one main room and, usually, a small kitchen and bathroom. Also called "studio apartment".
By definition for Central London (Zone 1-2) property searches a "Studio Flat" in the lower price ranges is typically ONE ROOM open plan consisting of a sleeping area/living area, kitchen area/cooking facilities and bathroom facilities.
Studio flat can be:
The more expensive STUDIO FLATS may have separate kitchen, separate bathroom or both – (generally these will be slightly more expensive to rent.) Please note a SELF CONTAINED studio will mean you have all your own facilities and do not share; some less expensive studios may ask that you share particular facilities (typically WC) – these properties are however still considered to be STUDIOS by Landlords in the London Market Place. In London Zone's 3-6 as the demand is less you can get more value for your money and most studios over £120 pwk are likely to have their own separate kitchen and bathroom/shower.
Standard variable rate (SVR) - The basic interest rate offered by a mortgage lender that may increase or decrease at the lender's discretion.
Subject to contract - A term meaning that an agreement for buying a property has been reached, but will not be legally binding until after the exchange of contracts.
Sub-let, Subletting - An arrangement where the existing tenant lets all or part of the property to another.
Tenancy agreement - A contract between a tenant and a landlord that specifies certain rights and obligations for both parties for the duration of the tenancy. Landlords, investors & developers
Tenancy agreement - A contract (verbal or written but usually written) between landlord and tenant. The contract outlines the rights both parties have (eg. your right to occupy the property and the landlord's right to receive rent from you).
Tenancy Agreement - Tenancy Agreement is a formal document which sets out the terms and conditions upon which the landlord is renting out the premises to the tenant. Ordinarily included will be conditions as to rent, length of the tenancy, and repairing obligations of the parties.
Tenancy deposit scheme - A government scheme introduced in 2007 to safeguard deposits taken by landlords.
Tenant - A person that has a temporary right to possess a property.
Tenant - Someone who rents and occupies a property from another.
Tenant - Tenant is a person who rents premises from another person, the landlord or the landlord's agent.
Tenure - Refers to the status of a property, usually in terms of whether it is leasehold or freehold.
Terraced house - A house in a row of (usually) identical properties connected to each other by shared (or 'party') walls.
Terraced house - A property that is part of a group of connected houses.
Thatched roof - A roof made of straw or reeds.
Timeshare - A holiday house or apartment which is owned by several different people, each of whom is able to use it for a particular period of the year.
Title deeds - Documents displaying the legal owner of a property.
Townhouse - Refers to a style of upper class house (generally in London) often with 3 or more floors.
Townhouse - A house in a town or city, usually a comfortable, expensive one in a fashionable area.
Transfer deed - A document from the Land Registry highlighting the transfers in legal ownership of a property from a seller to a buyer.
Under offer - A term indicating the status of a property after an offer from a buyer has been accepted, but before contracts have been exchanged.
Valuation - The process of understanding a property's value, usually conducted by either a surveyor or an estate agent. Sold house prices
Vendor - The technical name for someone selling a property.
Victorian - A property built during the time when Queen Victoria was Queen of Britain (1837-1901).
Villa - A property usually in the countryside, or near the sea (particularly in southern Europe), and often one which people can rent for a holiday.
Void - The period in which a property lies empty in between periods of tenant occupation.
Walk-up flat - Generally refers to a block of flats (mostly low rise) which have individual front doors externally (as opposed to off a communal internal hallway).
Warehouse - A large building for storing items before they are sold.
Yield - Income generated from a property relative to the value of the property.
Property Terms Explained is a glossary of property terms and definitions used in property business in UK.