This Glossary provides definitions of terms related to property and property investing.
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Term and Definition
Heads of Agreement

A non-binding document which outlines the commercial terms agreed upon between the landlord and tenant.

Hold over tenancy

Where a tenant remains in possession of a property even after the expiry of a lease, until the landlord acts to eject the tenant or negotiate a new rental agreement.

Hurdle rate of return

The minimum acceptable return an investor requires from an investment.

HVAC

Heating, ventilating, and air-conditioning systems within a building.

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