Glossary of Terms 3 Diminishing Co-ownership Agreement (DCA) Terms 13 Lease Agreement Terms 26 Service Agency Agreement (SAA) Terms 36 Legal Charge Agreement (LCA) Terms 41Limited Company Buy to Let Terms and Conditions • August 6th, 2013 • Birmingham
Term Special meanings 1925 Act The Law of Property Act 1925. 1995 Act The Landlord and Tenant (Covenants) Act 1995. 2002 Act The Land Registration Act 2002. acquisition cost The amount shown in the Limited Company Buy To Let Purchase Plan (BTLPP) Schedule as the Bank’s payment to acquire the Bank’s initial share. acquisition payments agreed acquisition payments and additional acquisition payments. additional acquisition payments Any extra payment towards the acquisition cost which the Company chooses to make under clause 2.4 of the DCA Terms in accordance with the terms of the Offer Letter to increase the Company’s share of the property (and correspondingly to decrease the Bank’s share ofthe property) and which is made in addition to the agreed acquisition payments due from the Company under the DiminishingCo-ownership Agreement. adjustment notice Any notice served by the Bank under Schedule 1 of the Diminishing Co-ownership Agreement or clause 4.1 of the Lease Agreement, in which t
