Property Law and Conveyancing Glossary of Terms
The person who lets out a property to someone else. Afrikaans - Verhuurder
A latent defect, on the other hand, is one that cannot be seen or ascertained during the course of a normal property inspection.
A person who occupies a property (also known as a tenant), but does not own it and pays rent in return. Afrikaans - Huurder
The person who rents out a property to someone else. Afrikaans - Verhuurder
|Levy Clearance Certificate||
Issued by the body corporate of a sectional title scheme stating that the levy has been paid to a future date in respect of the property. Afrikaans - Heffing Klaring Sertifikaat
A person's long-term and short-term financial obligations. Afrikaans - Aanspreeklikheid
Where a person has improved someone else’s property or has incurred certain expenses in respect thereof, he may retain possession of such property until the debt due to him has been discharged, it is the right to retain possession.
|Limited Real Right||
A registered right over someone else’s property, such as servitudes and mortgage bonds. Afrikaans - Beprekte Saaklike Reg
A sum of borrowed money (principal) that is generally repaid with interest. Afrikaans - Lening