Property Law and Conveyancing Glossary of Terms
An instruction, authority or agreement given to a realtor by a seller, to market their property. Afrikaans - Mandaat
The price that a willing and financially able buyer would pay, to a willing seller, for a property in a particular area at a given time. Afrikaans - Markwaarde
|Married in Community of Property||
Parties have a joint estate and any immovable property will be registered in both spouses’ names. Afrikaans - Getroud Binne Gemeenskap Van Goedere
The date on which the principal balance of a loan becomes due and payable.
This document forms part of the constitution of a company and contains valuable information about the company.
A person who is unmarried and under the age of 21. Afrikaans - Minderjarige
An individual or company that assist buyers in applying for a mortgage, homeloan or building loan, with the different banks. Afrikaans - Verband Skepper
The lender usually a bank, that advances or lends money on the security of a property purchased.
The borrower, who borrows from a lender by mortgaging his property to the lender as security. Afrikaans - Verbandgewer