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| Break/Termination clause |
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| A break/termination clause gives the tenant or landlord the right to terminate a Tenancy Agreement, under specific circumstances, before the date it is officially due to end. Usually requires written notice. |
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| Bridging Loan |
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| A short-term loan commonly used to cover or "bridge" the overlap between the purchase of a new property and the sale of an old one, or the construction period of a building until a mortgage can be obtained for the building and land. |
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| Building insurance |
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| An insurance policy that pays the cost of repair or rebuilding in the event your property is damaged or destroyed. Most mortgage lenders will require building insurance to be taken out as a condition of their loan. |
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