A to Z of land and buildings terminology

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

The following list, while not exhaustive, provides an overview of the meanings of commonly used terms that a business and / or its adviser may encounter when dealing with a land and property transaction:

Term	Definition
Alienation clause	Clause restricting the tenant’s right to assign a lease or sublet a property
Beneficial occupation	The occupation of land to the benefit or advantage of the occupier
Beneficial owner	A party that has title to the land for their own benefit
Charge certificate	This is the certificate issued by the Land Registry to the mortgage lender showing the charge on the Land Registry
Charge	This is an interest in land which secures payment of a debt
Chattels	Moveable

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