Handover

This refers to the day/date a tenant is allowed to move in or given the keys to a rental property.

Holding Deposit

This is the amount a tenant is required to pay to show serious interest in a property. If the tenant is not able to proceed with the tenancy, the landlord may retain a part of that to cover their costs. If the tenancy goes through this is deducted from their initial rent.

How to Rent

This refers to a guide made by the Government to help tenants and landlords understand their responsibilities and rights. You can download a copy here.

Initial Term

This refers to the initial or the first period of a tenancy.

Inventory

This refers to a list of all the contents of property taken before a tenant begins his/her initial term. This is used as a reference at the end of a tenancy period.

Landlord

This refers to the person (or company) with the right to let a property.

Letting

This refers to an agreement to let out a rental property.

Long Let

This refers to a tenancy period that lasts more than six (6) months.

Notice Period

This refers to the time a landlord must give a tenant (and vice versa) to end a tenancy period.