Whether you've bought or sold a property before or not, there's lots of lingo to get your head around. Hopefully my explanations of these terms will help you.
This is when two or more people are co-owners of a property. When one dies, their share of the property automatically passes to the other/others.
This is when you have instructed more than one estate agent to market your property. This can sometimes mean that you are paying higher commission fees because they are not your sole agent.
This is when there is to be more than one adult living in a property. Tenants tend to be ‘joint and severally liable’ which means that they are liable together but also individually each tenant is responsible for payment of all rent and all liabilities.
