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Glossary

  • Compensation or any other award that the tribunal can make.

  • Separate tribunal hearing to consider how much compensation the tribunal should award.

  • Some freehold properties are subject to a rentcharge payable to the rentcharge owner. This may be to ensure income for the original land owner without the existence of a lease or it can be to ensure that estate covenants can be enforced more easily.

  • Any friend, carer or family member who is supporting the individual in the process as well as anyone acting in a more formal capacity (e.g. someone with a valid and applicable Lasting Power of Attorney (Health and Welfare) or someone appointed as a Deputy (Health and Welfare) by the Court of Protection, or an organisation representing the individual).

  • An administration fee charged by some mortgagees to cover the cost of reserving a mortgagor’s entitlement to a loan on certain terms. Possibly also a fee paid to a builder to reserve a particular new property.

  • When you leave your home to your descendants you may qualify for an additional threshold before inheritance tax becomes due.

  • The remainder of the estate of a deceased person after the liabilities and legacies have been paid. This is split between the ‘residuary beneficiaries’.

  • The person who responds to proceedings issued at court.

  • Cancels.

  • Regulations or principles creating a set of requirements, such as the requirements of the Criminal Injuries Compensation Scheme.

  • A reference to S25 Matrimonial Causes Act 1973 which sets out a list of criteria that a District Judge must consider when making decisions about financial cases.

  • The sale of a property.

  • The rule (now repealed) which blocked victims of violent crime at the hands of another member of their own household from making a claim.

  • A claimant’s opportunity to detail what they want to claim by way of monetary compensation in their tribunal claim.

  • Someone who sells a property.

  • If you separate from one another as a couple. Agreements in relation to finances are often recorded in a deed of separation.

  • A payment required by a lessor or managing agent to cover the costs of maintaining and running a development (e.g. gardening and decorating and also insuring a block of flats).

  • The voluntary conclusion of any litigation by the parties involved. Settlement can be made at any time before a final hearing.

  • A binding contract that records the terms and payments to be made from an employer to a current or a former employee in return for a waiver by the employee of any defined contractual and statutory employment law claims, for example unfair dismissal. For a settlement agreement to be legally binding an employee must seek independent legal advice on its terms.

  • A person who creates a trust.

  • Unfavourable treatment on the grounds of a person’s gender; or a policy or a criterion which has an adverse effect due to a person’s sex or marital status.

  • Cruelty or violence towards another person, involving inappropriate and non-consensual sexual activity.

  • Unfavourable treatment on the grounds of a person’s sexual orientation, or perceived sexual orientation.

  • The term used to describe couples who divorce or separate later in life.