Mortgage Glossary Letter "T"

A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z

Click on the letter or the term you wish to have defined. You will them be take to a page with an explanation for what the term means

• Tenant
• Tenants in Common
• Title Deeds

Tenant

This term describes someone who has the right to occupy property under the terms and conditions set out in a lease or rental agreement. They should pay rent to a landlord to occupy the property. A tenant can also describe the owner of a leasehold who pays ground rent to a freeholder.
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Tenants in Common

This is an arrangement where more than one person possesses a property but ownership is specifically apportioned. In legal terms, there is a difference between right of possession and right of ownership.
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Title Deeds

Ownership of a property’s ‘title’ denotes ownership of the property. The Title Deeds are the legal documents which show this, and they set out all the past transfers of the property. If your property is in England or Wales, you can obtain details of your Title Deeds from the HM Land Registry.
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