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Rolling contract
A rolling contract is an agreement with no fixed end date. It carries on from one payment period to the…
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Late payment fee
A late payment fee is a charge added when a payment isn't made by its due date, on top of…
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Licence to occupy
A licence to occupy is permission to use a space for an agreed purpose on the owner's terms, without becoming…
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Lien
A lien is a right to hold someone's goods as security for money they owe and, where the agreement allows,…
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Introductory offer
An introductory offer is a reduced price for a new customer's first weeks or months, after which the standard price…
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Billing cycle
A billing cycle is the regular interval at which a supplier charges you, such as every week, every four weeks…
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Business rates
Business rates are a tax on most non-domestic property, such as shops, offices and warehouses, billed each year to the…
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Change to terms or fees
A change to terms or fees is when a business alters the price or the conditions of an agreement that's…
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Cooling-off period
A cooling-off period is a set time after you agree a contract when you can change your mind and cancel…
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Deposit
A deposit is a sum paid at the start of an agreement and held as security against anything owed at…