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Home Loan Glossary



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T.


Take Home Pay.

The amount of money available after all deductions from a persons salary or wage.



Tenancy Agreement.

An agreement signed by the landlord and the tenant stipulating the cost and the term of tenancy. Tenancy agreements are often renewed after 6 months.



Tenant.

A person who rents the property they live in (including council tenants and private tenants).



Tennant.

Common mis-spelling for tenant, as above.



Term.

A period of time that a loan can be repaid over.



Title.

The right to legal ownership of property.


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