T

Tenancy
Possession of a property owned by another party for a specified time period.

Tenancy Agreement
Legal document detailing terms whereby the owner of a property grants rights to another party to occupy it for a specified period of time. Also known as Lease Agreement.

Tenant
Person (or entity) who is entitled to occupy a property under the terms of a Tenancy Agreement.

Tenants in Common
An optional method of shared home ownership (not necessarily in equal shares). If an owner dies, the owner's interest in the property is passed to the owner's heirs, rather than to the other owners of the property.

Tenure
Conditions on which a property is held, i.e. whether it is freehold or leasehold.

Terraced
Property where both side walls are shared with adjoining properties.

Title
Legal right to ownership of a property.