Jargon

Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.

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Exclusions
Most insurance policies have exclusions - the things they don't cover. For example, a household insurance policy might exclude the loss of personal possessions while you're on a long holiday trekking through the Amazon jungle. It's worth checking your policies for exclusions as they could affect any claims you make.
Execute (a tenancy)
The procedure to complete a legally valid tenancy by dating the Original (signed by the landlord) and the Counterpart (signed by the tenant) and then exchanging them. The date is legally considered to be the date on which the agreement was made.
Extensions
Contracts to let residential property are for a fixed term. At the expiration of that term an extension is negotiated (renewal) for a further fixed term, month-by-month or quarterly basis.