Glossary

NAEA

National Association of Estate Agents

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NALS

The National Approved Letting Scheme is a Government backed accreditation scheme

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National Approved Letting Scheme

The National Approved Letting Scheme is a Government backed accreditation scheme

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NAV

An expression used with investment trusts to mean the value of the fund's underlying assets

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Net asset value

An expression used with investment trusts to mean the value of the fund's underlying assets

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NHBC

National House Building Council

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Non-Suit

Proceedings where the plaintiff has failed to establish to the Court's satisfaction that there is a case for the defendant to answer

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Notary

Someone who is authorised to swear oaths and certify the execution of deeds such as a Solicitor

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Notice Of Issue

Notice sent by a Court to the claimant giving notification of the case number allocated to their action and details of fees paid. Confirms date of service.

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Notice To Quit

Gives prior notice, when served in possession proceedings, of termination of a tenancy - see ending a tenancy for help in letting

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Notice To Tenant

See section 8 and 21 under letting ending a tenancy

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