Glossary - Index "M"
Real Estate Terms and Site Index "M"
- Material Breach - Some break clauses use the term "material breach" meaning the tenant must not be in material breach of the lease covenants to exercise the break clause, which is in effect a relaxation of the common requirement to comply fully with all the lease covenants.
Mesne Profits - The amount a tenant should pay if she remains in occupation of premises unlawfully. Mesne Profits are claimed, as opposed to rent, to avoid the occupant claiming continued tenancy rights.
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Messuage - Residential Dwelling House together with its land and borders
Mezzanine - Intermediate floor usually in a multi-story building, which does not extend to the full floor area of the whole building.
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Mortgage - is a common method method of using property, most notably real estate, as security for the raising of capital in the form of a loan, either to buy the property against which the loan it is secured, or to buy some other property. The term mortgage - mort (Latin - mortus = death) and gage (Latin - gage = pledge or challenge)
Never rely totally on this information which relates primarily to England & Wales. Before taking action or not, seek expert advice with the full facts of your case and all documents to hand.
