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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Ground rent
The annual rent paid by a leaseholder to the person or company owning the freehold. It's usually paid by people living in leasehold flats to the company owning the land on which the block was built. Ground rent is not the same as a service or maintenance charge, which leaseholders may pay to cover such things as the management, maintenance and repair of the block of flats or property.
Grounds For Possession
The reasons for applying to the courts for repossession of a property and the basis of a case.
Guarantor
The lender may sometimes require a borrower to appoint a guarantor. This is someone who promises to pay the borrowers debt if the borrower defaults. Also a third party who undertakes responsibility for someone’s rental agreement if they default.