This Glossary provides definitions of terms related to property and property investing.
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.