Jargon Buster
We know that jargon and abbreviations can lead to a lot of confusion and we try to avoid this whenever possible.
If there are any terms that you do not recognise when viewing the website you will be able to find their meaning here.
If there is a term you feel should be added, please let us know: Enquiries@LandlordAction.co.uk
Open/CloseAST - Assured shorthold tenancy
Open/CloseAttachment of Earnings
Open/CloseBankruptcy Demand
Also known as a STATUTORY DEMAND. When properly served, and it has to be formally served, this is a legal notice from the creditor to the debtor giving them 21 days to settle the debt otherwise a bankruptcy petition may be issued.
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Open/CloseBankruptcy Petition
Open/CloseCharging Order
An order of the court placing a 'charge' on the judgment debtor's property, such as a house or a piece of land. If the judgment debtor owns stocks or shares or has a fund or money in court, the court can also put a charge on these in much the same way as on property.
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Open/CloseHigh Court Enforcement Officer
Open/CloseHigh Court Sheriff
Also known as a SHERIFF OFFICER or HIGH COURT ENFORCEMENT OFFICER, they will enforce and recover all the judgments from the High Court and certain large County Court debts.
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Open/CloseLiquidator
A liquidator is the officer appointed when a company goes into winding-up or liquidation, they have responsibility for collecting in all of the assets of the company and settling all claims against the company before the company ceases to exist.
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Open/CloseMoney Judgement
This is when a county court has ordered the debtor to pay an amount of money - details of the judgment will usually be entered on the Register of County Court Judgments. Most entries stay on the Register for six full years.
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Open/CloseNotice to Quit
A notification by either a landlord or a tenant that states that they wish to end a tenancy agreement. Formally known as a Notice Requiring Possession.
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Open/CloseSAT - Short Assured Tenancy
Open/CloseSection 21 Notice
Open/CloseSection 33 Notice
Open/CloseSection 8 Notice
Open/CloseSheriff Officer
Open/CloseSmall Claims Summons
A claim issued through the County Court to when you are owed money that you cannot recover. People issue claims for reasons, including: rent arrears; poor workmanship; damage to their property; road traffic accidents; personal injury; goods not supplied; faulty goods.
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Open/CloseStatutory Demand
Also known as a BANKRUPTCY DEMAND. When properly served, and it has to be formally served, this is a legal notice from the creditor to the debtor giving them 21 days to settle the debt otherwise a bankruptcy petition may be issued.
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Open/CloseWinding up Demand
When properly served, and it has to be formally served, this is a legal notice from the creditor to the debtor (in this case, a company) giving them 21 days to settle the debt otherwise a winding up proceedings may be issued. If the company is "wound up" it ceases to exist.
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3 Years Running: Buy-To-Let Legal Services Award
