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Glossary
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Tenancy Agreement
A legal contract between the landlord and the tenant. The agreement contains the terms and conditions of a tenancy, including the duration of the agreement and the rental amount payable by the tenant. See also Assured Shorthold Tenancy (AST).
Total Return
The total return on an investment is the total gain or loss it generates. This includes all income received less any costs incurred as well as any capital gain realised on exiting the investment. It is generally expressed as a percentage of the amount invested.
Transaction Costs
This term covers all manner of costs including, but not limited to, British Pearl's fees, legal fees, surveyor fees, taxes, and refurbishment costs.
Trustees
A person or firm that holds or administers property or assets for the benefit of a third party. They have a fiduciary responsibility to the trust beneficiaries and therefore trusted to make decisions in the beneficiary’s best interests. A trustee is required to uphold a strong level of integrity and impartiality in conducting its duties, they are not permitted to benefit or profit from their position.