Dictionary Conveyancing Terms

Property Law and Conveyancing Glossary of Terms

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Term Definition
Occupation

The date when the buyer is entitled to physically occupy the new property. Afrikaans - Beroep

Occupational Rent

An amount paid by the person occupying the property to the party in whose name the property is registered, if the registration of transfer does not take place at the same time as the occupation date. Afrikaans - Okkupasiehuur

Office To Purchase

See Agreement of Sale. Afrikaans - Koop Kontrak van Grond

Option

An offer made to a person coupled with an undertaking by the person making the offer not to revoke his offer for a specific period. Afrikaans - Opsie