Alienation
The ability for a tenant to transfer or sublet its lease

Break clause
A term in a lease that enables either the landlord or the tenant (or both) to terminate the lease prematurely, usually upon satisfying certain preconditions

Distress
A remedy available to landlords of commercial premises so that they can recover rent arrears by appointing bailiffs to attend the premises and seize goods belonging to the tenant up to the value of the arrears owed as well as the bailiffs’ own costs

Easement
A legal right of way for the benefit of a property over another property

Overage
An agreement between a seller and buyer of land whereby the seller is to receive payments in addition to the purchase price upon some future occurrence, i.e. the grant of planning permission

Rent review
A mechanism contained in the lease to review the rent payable at certain intervals

Security of tenure
The right for a tenant to remain in occupation of premises notwithstanding that their lease has expired

Stamp Duty Land Tax
A tax payable by a purchaser of certain interests in property