U

Undischarged Bankrupt

Someone against whom a bankruptcy order has been made and who has not been discharged from bankruptcy.

Unfair dismissal

A remedy for unjustifiable dismissal based on statutory rights.

Unlawful deduction from wages

Where an employer holds back an individuals pay for no legitimate reason.

Unregistered Title

Where the title to a property has not previously been registered at the Land Registry and ownership is proved by the production of a complete chain of documents showing successive ownership.

Unsecured Creditor

Any creditor who does not hold security and therefore the last to receive payment, ahead only of shareholders.

Upward only rent reviews

Clauses in leases providing for regular reviews, at which the rent will be fixed at either the current rent or the open market level, whichever the higher.